Civitas (CIVI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
J.P. Morgan analyst Zach Parham retained a Neutral rating on Civitas Resources, Inc. CIVI with a price forecast of $49.
Market uncertainty and volatility have knocked down most growth bets.
Civitas Resources offers a compelling value opportunity, supported by strong fundamentals, low-cost structure, and robust free cash flow generation. CIVI's peer-leading cost structure and substantial development runway in the Permian and DJ Basins position it well for future growth despite temporary setbacks. CIVI carries a 6% dividend yield, a low forward P/E of 4.2x, and a historically high free cash flow yield of 27%.
Although the revenue and EPS for Civitas (CIVI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Civitas Resources, Inc. (NYSE:CIVI ) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Brad Whitmarsh - Head, Investor Relations Chris Doyle - Chief Executive Officer Marianella Foschi - Chief Financial Officer Conference Call Participants Gabe Daoud - TD Cowen Zach Parham - JPMorgan Josh Silverstein - UBS Neal Dingmann - Truist Securities Scott Hanold - RBC Capital Markets Leo Mariani - Roth Capital John Abbott - Wolfe Research Noah Parks - Tuohy Brothers Operator Good day, and thank you for standing by. Welcome to Civitas Resources Fourth Quarter 2024 Earnings Conference Call and Webcast.
The headline numbers for Civitas (CIVI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Civitas Resources (CIVI) came out with quarterly earnings of $1.78 per share, missing the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $3.20 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Civitas (CIVI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Civitas (CIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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