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REIBearishEarningsnews
Materiality pending

Ring Energy (REI) Q1 Earnings Miss Estimates

May 6, 2024, 7:10 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Ring Energy (REI) quarterly earnings: $0.10 per share, missed estimate of $0.14. - Revenue for March 2024: $94.5 million, beat estimate by 1.17%. - REI shares up 30.1% in 2024 compared to S&P 500's 7.5% gain. - Impact might be bearish due to underperformance and Zacks Rank #4. - Impact Horizon Rating: short-term. - Type: Earnings. Price Impact Rating: Bearish Impact Horizon Rating: Short-term

  • Ring Energy (REI) quarterly earnings: $0.10 per share, missed estimate of $0.14.
  • Revenue for March 2024: $94.5 million, beat estimate by 1.17%.
  • REI shares up 30.1% in 2024 compared to S&P 500's 7.5% gain.
  • Impact might be bearish due to underperformance and Zacks Rank #4.
  • Impact Horizon Rating: short-term.

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