An Earnings Miss: Upstream energy company Gran Tierra Energy Inc. (GTE - Free Report) reported loss per share of 3 cents, against the Zacks Consensus Estimate of earnings of 6 cents.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.
Revenue Miss: Gran Tierra Energyreported revenues of $136.6 million, missing the Zacks Consensus Estimate of $154.4 million.
Zacks Rank & Surprise History: Currently, Gran Tierra Energycarries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Coming to earnings surprise history, the company has beaten the estimates once in the last four reported quarters.
Working interest production (before royalties) in the fourth-quarter was 38,156 barrels of oil equivalent per day (Boe/d), higher than year-ago quarter’s 34,477 Boe/d.
Average realized price was recorded at $38.90 per barrel of oil equivalent in fourth-quarter 2018, lower than year-ago quarter’s $40.36.
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