The third quarter financial results of Ring Energy (NYSE AMERICAN: REI) will be revealed on Wednesday 6th November 2024. The big news will come out after market close, so investors can learn more about how the company is doing financially.
As per the projections made by financial experts on Wall Street, the organization is expected to announce an estimated $0.08 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $87.86 million.
In the previous year's corresponding quarter, the company's earnings report revealed a per-share income of $0.13. Moreover, the company achieved a remarkable total revenue of $93.68 million during that quarter.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $373.13 million. Additionally, they are expecting the company to achieve per share profit of $0.39 for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.12 | -14.3% | 99.14 M | +24.9% |
| Q1 2024 | $0.10 | -28.6% | 94.50 M | +7.3% |
| Q4 2023 | $0.11 | -15.4% | 99.94 M | +0.2% |
| Q3 2023 | $0.13 | -53.6% | 93.68 M | -0.8% |
| Q2 2023 | $0.14 | -51.7% | 79.35 M | -6.6% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 7th November 2024 at 12:00 PM eastern time to review the Q3 2024 financial results.
Friday's trading saw Ring Energy (REI) shares hit a low of $1.44 and a high of $1.50, with a day volume of 1.71 million shares. The stock closed the regular trading session at $1.47, demonstrating 0.68 percent fall.
