Preview: Range Resources's Earnings
Portfolio Pulse from Benzinga Insights
Range Resources (NYSE:RRC) is set to release its quarterly earnings on October 22, 2024. Analysts expect an EPS of $0.40. Despite past earnings beats, the stock has seen price declines. The company faces challenges in revenue growth and profitability compared to peers. Analysts have a Neutral rating with a price target suggesting an 18.76% upside.
October 21, 2024 | 4:01 pm
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Range Resources is expected to report an EPS of $0.40. Despite past earnings beats, the stock has often declined post-announcement. Analysts have a Neutral rating with a price target indicating an 18.76% upside. The company's revenue growth and profitability lag behind peers.
The expected EPS of $0.40 aligns with analyst estimates. Historically, even when Range Resources beats estimates, the stock price has declined, indicating that the market may have other concerns. The Neutral analyst rating and the potential upside suggest mixed sentiment. The company's challenges in revenue growth and profitability compared to peers may weigh on investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100