Core Viewpoint - Comstock Resources (CRK) is anticipated to report a significant year-over-year increase in earnings and revenues for the quarter ended March 2025, with the consensus outlook suggesting a positive impact on its stock price depending on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on April 30, 2025, with a projected earnings per share (EPS) of $0.16, reflecting a year-over-year increase of +633.3% [3]. - Revenues are forecasted to reach $419.42 million, which is a 24.9% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised upward by 71.11% over the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Comstock is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +12%, suggesting a strong likelihood of beating the consensus EPS estimate [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Comstock currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a high probability of exceeding EPS estimates [11]. Historical Performance - In the last reported quarter, Comstock had an expected EPS of $0.02 but delivered $0.16, resulting in a surprise of +700% [12]. - Over the past four quarters, Comstock has surpassed consensus EPS estimates two times [13]. Industry Context - In the broader industry context, Northern Oil and Gas (NOG) is expected to report earnings of $1.12 per share for the same quarter, indicating a year-over-year decline of -12.5%, with revenues projected at $558.35 million, up 5% from the previous year [17]. - Northern Oil and Gas has seen a 10.9% downward revision in its consensus EPS estimate over the last 30 days but has an Earnings ESP of 1.96%, suggesting a likelihood of beating the consensus EPS estimate [18].

Group 1 - Comstock Resources (CRK) is outperforming the Oils-Energy sector, with a year-to-date return of approximately 6.3%, while the sector has returned an average of -10.1% [4] - The Zacks Consensus Estimate for CRK's full-year earnings has increased by 72.9% over the past three months, indicating improved analyst sentiment [4] - Comstock Resources holds a Zacks Rank of 2 (Buy), suggesting a positive outlook for the stock [3] Group 2 - Comstock Resources is part of the Oil and Gas - Exploration and Production - United States industry, which has seen a year-to-date loss of about 30.6%, highlighting CRK's relative strength within this group [6] - Another stock in the Oils-Energy sector, Ecopetrol (EC), has also outperformed the sector with a year-to-date increase of 11.1% [5] - Ecopetrol belongs to the Oil and Gas - Integrated - International industry, which is ranked 148 and has moved -7.6% so far this year [7]

Core Insights - Comstock Resources (CRK) has shown solid improvement in earnings estimates, indicating potential investment opportunities [1][2] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2][3] Earnings Estimate Revisions - Current-quarter earnings estimate is $0.14 per share, representing a significant increase of +566.67% from the previous year [6] - Over the last 30 days, the Zacks Consensus Estimate for Comstock has increased by 53.33%, with one estimate moving higher and one moving lower [6] - For the full year, the earnings estimate is $0.71 per share, reflecting a change of +395.83% from the year-ago figure [7] - In the past month, three estimates have been revised upward with no negative revisions, indicating a positive trend [7] Zacks Rank and Performance - Comstock has achieved a Zacks Rank 2 (Buy), indicating favorable estimate revisions and strong potential for outperformance [8] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8] Market Performance - Comstock's stock has increased by 5.7% over the past four weeks due to strong estimate revisions, suggesting further upside potential [9]

Core Viewpoint - Comstock Resources (CRK) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - Comstock is expected to earn $0.63 per share for the fiscal year ending December 2025, reflecting a 362.5% increase from the previous year's reported number [9]. - Over the past three months, the Zacks Consensus Estimate for Comstock has increased by 83.9% [9]. Impact of Institutional Investors - Changes in earnings estimates are strongly correlated with stock price movements, with institutional investors using these estimates to determine the fair value of shares [5]. - An increase in earnings estimates typically leads to higher fair value for a stock, prompting institutional investors to buy or sell, which subsequently affects stock prices [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [8]. - The upgrade of Comstock to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [11].

Group 1 - Comstock Resources, Inc. plans to release its first quarter 2025 results on April 30, 2025, after market close [1] - The quarterly conference call to discuss the results will take place on May 1, 2025, at 10:00 a.m. CT [1] - Interested parties must register to participate in the conference call and will receive a dial-in number and personal PIN upon registration [2] Group 2 - The conference call will be available in listen-only mode via a specific website URL [3] - A replay of the conference call will be accessible for twelve months starting at 1:00 p.m. CT on May 1, 2025 [3] - Comstock Resources is a leading independent natural gas producer focused on the Haynesville Shale development in North Louisiana and East Texas [4]

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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Comstock Resources (CRK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Comstock Resources is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #8 within the Zacks Sec ...

Comstock Resources (CRK) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this oil and gas company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estim ...

Production and Reserves - Comstock Resources reported a significant increase in natural gas production, achieving a total of 10.5 billion cubic feet (Bcf) for the quarter, representing a 15% increase year-over-year[7]. - Comstock's proved reserves increased to 1.2 trillion cubic feet equivalent (Tcfe), reflecting a 20% growth compared to the previous year[7]. - The company plans to drill 25 new wells in the next year, aiming to enhance production capacity and reserve replacement[7]. - The company is focused on the future production of natural gas and oil, with anticipated capital expenditures and the number of wells to be drilled being key metrics for growth[2]. - The company aims to discover or acquire additional reserves to sustain long-term production capabilities[2]. Financial Performance - The company reported a net income of $45 million for the last quarter, a 30% increase compared to the same period last year[7]. - The average realized price for natural gas was $3.50 per thousand cubic feet (Mcf), which is a 10% increase from the prior quarter[7]. - Future financial results, cash flow, and liquidity are expected to be influenced by operating costs, including lease operating expenses and administrative costs[2]. Capital Expenditures and Investments - The company anticipates capital expenditures of approximately $150 million for the upcoming fiscal year, focusing on drilling and completion activities[7]. - Comstock is investing in new technologies to improve drilling efficiency, including advanced 3-D seismic imaging techniques[7]. - The company has established a strategic partnership with a leading technology firm to enhance its data analytics capabilities for better market forecasting[7]. Operational Strategy and Risks - The company faces risks related to the volatility of natural gas and oil prices, as well as uncertainties in estimating reserves and production rates[2]. - The ability to successfully identify and integrate future acquisitions is critical for the company's growth strategy[2]. - Future capital requirements and changes in regulatory conditions will impact the company's operational strategy[2]. - The company is monitoring the availability of rigs, equipment, and personnel to support its operational needs[2]. - The company emphasizes the importance of retaining key members of senior management and employees for its ongoing success[2]. - The company is committed to managing the usual hazards associated with the natural gas and oil industry to ensure operational safety[2]. - Future operating costs are projected to remain stable, with lease operating expenses expected to be around $1.20 per Mcf[7]. Acquisitions and Expansion - Comstock Resources is exploring potential acquisitions to expand its operational footprint in the Permian Basin, targeting assets that can be integrated efficiently[7].

Investor Presentation February 2025 Disclaimer 2 This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our current expectations or forecasts of future events. These statements include estimates of future natural gas and oil reserves, expected natural gas and oil production and future expenses, assumptions regarding future natural gas and oil prices, budget ...