We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Matador (MTDR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Matador Resources (MTDR - Free Report) reported $772.29 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.2%. EPS of $1.86 for the same period compares to $2.68 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $697.33 million, representing a surprise of +10.75%. The company delivered an EPS surprise of +16.98%, with the consensus EPS estimate being $1.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Matador performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Daily Production Volumes - Total oil equivalent: 135096 millions of barrels of oil equivalent compared to the 131536.7 millions of barrels of oil equivalent average estimate based on six analysts.
Average Daily Production Volumes - Oil: 77,529 BBL/D compared to the 76,677.16 BBL/D average estimate based on five analysts.
Average Daily Production Volumes - Natural gas: 345.4 millions of cubic feet versus the five-analyst average estimate of 328.9 millions of cubic feet.
Average Sales Prices - Oil without realized derivatives: $82.49 compared to the $81.58 average estimate based on three analysts.
Average Sales Prices - Natural gas without realized derivatives: $3.56 versus the three-analyst average estimate of $3.31.
Revenues- Third-party midstream services revenues: $29.93 million versus the three-analyst average estimate of $31.99 million. The reported number represents a year-over-year change of +21.1%.
Revenues- Oil and natural gas revenues: $701.53 million versus $637.49 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change.
Revenues- Sales of purchased natural gas: $40.33 million compared to the $56.29 million average estimate based on two analysts. The reported number represents a change of -48.3% year over year.
Shares of Matador have returned +9.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Matador (MTDR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Matador Resources (MTDR - Free Report) reported $772.29 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.2%. EPS of $1.86 for the same period compares to $2.68 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $697.33 million, representing a surprise of +10.75%. The company delivered an EPS surprise of +16.98%, with the consensus EPS estimate being $1.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Matador performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Daily Production Volumes - Total oil equivalent: 135096 millions of barrels of oil equivalent compared to the 131536.7 millions of barrels of oil equivalent average estimate based on six analysts.
- Average Daily Production Volumes - Oil: 77,529 BBL/D compared to the 76,677.16 BBL/D average estimate based on five analysts.
- Average Daily Production Volumes - Natural gas: 345.4 millions of cubic feet versus the five-analyst average estimate of 328.9 millions of cubic feet.
- Average Sales Prices - Oil without realized derivatives: $82.49 compared to the $81.58 average estimate based on three analysts.
- Average Sales Prices - Natural gas without realized derivatives: $3.56 versus the three-analyst average estimate of $3.31.
- Revenues- Third-party midstream services revenues: $29.93 million versus the three-analyst average estimate of $31.99 million. The reported number represents a year-over-year change of +21.1%.
- Revenues- Oil and natural gas revenues: $701.53 million versus $637.49 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change.
- Revenues- Sales of purchased natural gas: $40.33 million compared to the $56.29 million average estimate based on two analysts. The reported number represents a change of -48.3% year over year.
View all Key Company Metrics for Matador here>>>Shares of Matador have returned +9.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.