The company’s mean estimate for sales for the current quarter ending Jun 16 is 38.96M by 6 analysts. The means estimate of sales for the year ending Dec-16 is 162.52M by 6 analysts.
The mean price target for the shares of Comstock Resources Inc. (CRK) is at 0.94 while the highest price target suggested by the analysts is 1.50 and low price target is 0.50. The mean price target is calculated keeping in view the consensus of 9 brokerage firms.
The average estimate of EPS for the current fiscal quarter for Comstock Resources Inc. (CRK) stands at -0.71 while the EPS for the current year is fixed at -2.94 by 10 analysts.
The next one year’s EPS estimate is set at -2.17 by 12 analysts while a year ago the analysts suggested the company’s EPS at -2.94. The analysts also projected the company’s long-term growth at 20.00% for the upcoming five years.
In its latest quarter ended on 31st March 2016, Comstock Resources Inc. (CRK) reported earnings of $-1.03. The posted earnings topped the analyst’s consensus by $0.08 with the surprise factor of 7.20%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On May 27, 2016 Comstock Resources Inc. (CRK) announced that the New York Stock Exchange (“NYSE”) has notified the Company that it has accepted Comstock`s business plan for continued listing on the NYSE.
As a result of this acceptance, Comstock`s common stock will continue to be listed on the NYSE pending quarterly reviews by the NYSE`s Listing and Compliance Committee to ensure the Company`s progress towards its plan to restore compliance with all NYSE continued listing standards.
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