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Viper Energy (VNOM) Up 0.3% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Viper Energy Partners (VNOM - Free Report) . Shares have added about 0.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Viper Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
VGM Scores
At this time, Viper Energy has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Viper Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Viper Energy belongs to the Zacks Oil and Gas - Exploration and Production - United States industry. Another stock from the same industry, Comstock Resources (CRK - Free Report) , has gained 9.2% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Comstock reported revenues of $366.51 million in the last reported quarter, representing a year-over-year change of -10.7%. EPS of $0.16 for the same period compares with $0.10 a year ago.
For the current quarter, Comstock is expected to post earnings of $0.14 per share, indicating a change of +566.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +12.4% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #1 (Strong Buy) for Comstock. Also, the stock has a VGM Score of D.