Comstock Resources Inc. (NYSE:CRK) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Comstock Resources Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.55 in the quarter versus EPS of $-0.07 in the year-earlier quarter.
Revenue: Decreased 6.87% to $106.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Comstock Resources Inc. reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $-0.35. It missed the average revenue estimate of $115.99 million.
Key Stats (on next page)…