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It has been about a month since the last earnings report for W&T Offshore (WTI). Shares have lost about 3.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is W&T due for a breakout? 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 drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted 13.04% due to these changes.
VGM Scores
At this time, W&T has a subpar Growth Score of D, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. 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, W&T has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
W&T is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Range Resources (RRC), a stock from the same industry, has gained 6.2%. The company reported its results for the quarter ended December 2024 more than a month ago.
Range Resources reported revenues of $749.83 million in the last reported quarter, representing a year-over-year change of +4.8%. EPS of $0.68 for the same period compares with $0.63 a year ago.
For the current quarter, Range Resources is expected to post earnings of $0.87 per share, indicating a change of +26.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +14.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Range Resources. Also, the stock has a VGM Score of D.
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W&T Offshore, Inc. (WTI) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).