For the quarter ended March 2025, Comstock Resources (CRK) reported revenue of $512.85 million, up 52.7% over the same period last year. EPS came in at $0.18, compared to -$0.03 in the year-ago quarter.
The reported revenue represents a surprise of +18.98% over the Zacks Consensus Estimate of $431.03 million. With the consensus EPS estimate being $0.16, the EPS surprise was +12.50%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Comstock performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average natural gas price: $3.58 versus the three-analyst average estimate of $3.49.
- Total Daily Production - Natural gas: 1300 millions of cubic feet versus 1287.82 millions of cubic feet estimated by three analysts on average.
- Average natural gas price including hedging: $3.52 versus the three-analyst average estimate of $3.40.
- Production - Oil-Total: 10 MBBL compared to the 9.15 MBBL average estimate based on two analysts.
- Average oil price: $70.20 versus the two-analyst average estimate of $63.27.
- Production - Natural gas-Total: 115,029 MMcf compared to the 116,478.8 MMcf average estimate based on two analysts.
- Total Production: 115,091 MMcfe versus the two-analyst average estimate of 116,533.6 MMcfe.
- Revenues- Oil sales: $0.70 million compared to the $0.84 million average estimate based on three analysts. The reported number represents a change of -19.9% year over year.
- Revenues- Natural gas sales: $412.29 million versus $408.31 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +43.6% change.
View all Key Company Metrics for Comstock here>>>
Shares of Comstock have returned -14.9% over the past month versus the Zacks S&P 500 composite's -0.7% 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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Comstock Resources, Inc. (CRK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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