Ring Energy (REI) Tops Q3 Earnings and Revenue Estimates
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Ring Energy (REI) reported Q3 earnings of $0.07 per share, surpassing the Zacks Consensus Estimate of $0.06. However, this is a decrease from $0.13 per share a year ago.
November 07, 2024 | 1:00 am
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Ring Energy reported Q3 earnings of $0.07 per share, exceeding expectations but down from last year's $0.13 per share.
The positive earnings surprise is likely to have a short-term positive impact on the stock price as it exceeded analyst expectations. However, the year-over-year decline in earnings may temper investor enthusiasm.
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IMPORTANCE 80
RELEVANCE 100