Black Stone Minerals (BSM - Free Report) reported $109.8 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 49.3%. EPS of $0.27 for the same period compares to $0.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $135.23 million, representing a surprise of -18.81%. The company delivered an EPS surprise of -38.64%, with the consensus EPS estimate being $0.44.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Black Stone Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production: 42.6 millions of barrels of oil equivalent compared to the 38.41 millions of barrels of oil equivalent average estimate based on four analysts.
- Production - Natural gas: 16,980 MMcf compared to the 15,647.04 MMcf average estimate based on two analysts.
- Average Realized Sale Prices - Oil and condensate: $78.50 versus $79.15 estimated by two analysts on average.
- Average Realized Sale Prices - Natural gas and natural gas liquids: $2.87 versus $2.74 estimated by two analysts on average.
- Production - Equivalents: 3,922 MBOE versus 3,544.5 MBOE estimated by two analysts on average.
- Production - Oil and condensate: 1,092 MBBL compared to the 896.03 MBBL average estimate based on two analysts.
- Revenue- Oil and condensate sales: $85.72 million versus $76.90 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change.
- Revenue- Lease bonus and other income: $2.18 million versus $2.63 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -31% change.
- Revenue- Natural gas and natural gas liquids sales: $48.82 million compared to the $45.35 million average estimate based on two analysts.
View all Key Company Metrics for Black Stone Minerals here>>>Shares of Black Stone Minerals have returned +3.3% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Black Stone Minerals (BSM - Free Report) reported $109.8 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 49.3%. EPS of $0.27 for the same period compares to $0.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $135.23 million, representing a surprise of -18.81%. The company delivered an EPS surprise of -38.64%, with the consensus EPS estimate being $0.44.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Black Stone Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production: 42.6 millions of barrels of oil equivalent compared to the 38.41 millions of barrels of oil equivalent average estimate based on four analysts.
- Production - Natural gas: 16,980 MMcf compared to the 15,647.04 MMcf average estimate based on two analysts.
- Average Realized Sale Prices - Oil and condensate: $78.50 versus $79.15 estimated by two analysts on average.
- Average Realized Sale Prices - Natural gas and natural gas liquids: $2.87 versus $2.74 estimated by two analysts on average.
- Production - Equivalents: 3,922 MBOE versus 3,544.5 MBOE estimated by two analysts on average.
- Production - Oil and condensate: 1,092 MBBL compared to the 896.03 MBBL average estimate based on two analysts.
- Revenue- Oil and condensate sales: $85.72 million versus $76.90 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change.
- Revenue- Lease bonus and other income: $2.18 million versus $2.63 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -31% change.
- Revenue- Natural gas and natural gas liquids sales: $48.82 million compared to the $45.35 million average estimate based on two analysts.
View all Key Company Metrics for Black Stone Minerals here>>>Shares of Black Stone Minerals have returned +3.3% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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