Diamondback Energy (NASDAQ: FANG) has set the date for the release of its third quarter financial results on Monday 4th November 2024, after market close. Investors and analysts will have a chance to analyze the company's performance during the quarter.
Wall Street financial experts are forecasting that the firm will announce an expected $3.99 profit per share for the quarter. Moreover, the firm is anticipated to disclose a total revenue of $2.44 billion for this specific period.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share income of $5.49. This was attributed to the company's total revenue, which amounted to an impressive $2.34 billion during that same period.
Analysts forecasting the company's performance for this year have been made public. The estimated total revenue is about $10.28 billion. They also predict that throughout the course of the fiscal year, the business will make about profit of $17.11 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $4.52 | +22.8% | 2.48 B | +29.4% |
| Q1 2024 | $4.50 | +9.8% | 2.23 B | +15.7% |
| Q4 2023 | $4.74 | -10.4% | 2.23 B | +9.8% |
| Q3 2023 | $5.49 | -15.3% | 2.34 B | -4.0% |
| Q2 2023 | $3.68 | -47.9% | 1.92 B | -30.7% |
| *Growth on year-over-year basis | ||||
FANG has scheduled a conference call on 5th November 2024 at 09:00 AM eastern time to discuss the third quarter financial results and other related information.
During Friday's trading, Diamondback Energy (FANG) shares reached a low of $175.08 and a high of $178.86, along with a total volume of 1.85 million shares. The stock ended the regular trading session at $175.81, showing downfall of 0.54 percent.
