Talos Energy (TALO - Free Report) reported $383.14 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.6%. EPS of $0.15 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of +1.52% over the Zacks Consensus Estimate of $377.4 million. With the consensus EPS estimate being $0.18, the EPS surprise was -16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Talos Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production - NGL: 4.4 millions of barrels of oil versus the two-analyst average estimate of 4.8 millions of barrels of oil.
- Average daily production - Natural gas: 65.3 millions of cubic feet versus 68.25 millions of cubic feet estimated by two analysts on average.
- Average daily production - Oil: 48.4 millions of barrels of oil versus 47.8 millions of barrels of oil estimated by two analysts on average.
- Average daily production - Total: 63.7 millions of barrels of oil equivalent versus 63.95 millions of barrels of oil equivalent estimated by two analysts on average.
View all Key Company Metrics for Talos Energy here>>>Shares of Talos Energy have returned +1.8% over the past month versus the Zacks S&P 500 composite's +3.1% 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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Talos Energy (TALO - Free Report) reported $383.14 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.6%. EPS of $0.15 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of +1.52% over the Zacks Consensus Estimate of $377.4 million. With the consensus EPS estimate being $0.18, the EPS surprise was -16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Talos Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production - NGL: 4.4 millions of barrels of oil versus the two-analyst average estimate of 4.8 millions of barrels of oil.
- Average daily production - Natural gas: 65.3 millions of cubic feet versus 68.25 millions of cubic feet estimated by two analysts on average.
- Average daily production - Oil: 48.4 millions of barrels of oil versus 47.8 millions of barrels of oil estimated by two analysts on average.
- Average daily production - Total: 63.7 millions of barrels of oil equivalent versus 63.95 millions of barrels of oil equivalent estimated by two analysts on average.
View all Key Company Metrics for Talos Energy here>>>Shares of Talos Energy have returned +1.8% over the past month versus the Zacks S&P 500 composite's +3.1% 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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One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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