Analysts expect Range Resources to report an earnings per share (EPS) of $0.40.
The market awaits Range Resources's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
In the previous earnings release, the company beat EPS by $0.04, leading to a 3.93% drop in the share price the following trading session.
Here's a look at Range Resources's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.42
0.57
0.48
0.35
EPS Actual
0.46
0.69
0.63
0.46
Price Change %
-4.0%
3.0%
-3.0%
-1.0%
Market Performance of Range Resources's Stock
Shares of Range Resources were trading at $29.79 as of October 18. Over the last 52-week period, shares are down 13.17%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Analyst Opinions on Range Resources
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Range Resources.
With 13 analyst ratings, Range Resources has a consensus rating of Neutral. The average one-year price target is $35.38, indicating a potential 18.76% ...
