Core Viewpoint - SM Energy Company is expected to report its third-quarter 2024 results on October 31, with previous earnings exceeding estimates due to increased production and high realized prices [1]. Earnings Performance - The company has consistently beaten earnings estimates in the last four quarters, with an average surprise of 11.92% [2]. - The Zacks Consensus Estimate for the upcoming quarter's earnings per share is $1.52, reflecting a 12.1% decline from the previous year's reported figure [2]. Revenue Expectations - The Zacks Consensus Estimate for third-quarter revenues is $651.1 million, indicating a nearly 2% improvement from the year-ago figure [3]. Market Conditions - Average spot prices for West Texas Intermediate crude were $81.80 per barrel in July, $76.68 in August, and $70.24 in September, suggesting a favorable pricing environment for exploration and production activities during the third quarter [4]. - Favorable commodity prices are expected to have positively impacted SM's exploration and production activities, with total production estimated at 15.17 million barrels of oil equivalent (MMBoe), an increase from 14.1 MMBoe in the prior-year quarter [5]. Earnings Prediction - Current analysis does not predict an earnings beat for SM Energy, as the company has an Earnings ESP of -6.29% and a Zacks Rank of 4 (Sell) [6].

Core Viewpoint - The market anticipates a year-over-year decline in SM Energy's earnings despite an increase in revenues, with the upcoming earnings report expected to be released on October 31, 2024 [1] Earnings Expectations - SM Energy is projected to report quarterly earnings of $1.56 per share, reflecting a year-over-year decrease of 9.8% [2] - Revenues are expected to reach $660.16 million, which is a 3% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate for SM Energy has been revised down by 5.87% over the last 30 days, indicating a bearish sentiment among analysts [3] - The Most Accurate Estimate for SM Energy is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.01% [6] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - SM Energy currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [6] Historical Performance - In the last reported quarter, SM Energy exceeded the expected earnings of $1.57 per share by delivering $1.85, resulting in a surprise of +17.83% [7] - Over the past four quarters, SM Energy has consistently beaten consensus EPS estimates [7] Industry Context - In the broader industry context, Comstock Resources is expected to report a loss of $0.15 per share, indicating a significant year-over-year decline of 475% [9] - Comstock's revenue is projected to be $317.33 million, down 15.8% from the previous year, with an Earnings ESP of -8.89% [9]

Company Performance - SM Energy (SM) closed at $42.33, reflecting a +0.45% change from the previous day, outperforming the S&P 500's 0.05% loss [1] - Over the past month, SM Energy shares have appreciated by 0.1%, while the Oils-Energy sector experienced a loss of 9.67% [1] - The upcoming earnings report on October 31, 2024, is expected to show an EPS of $1.56, indicating a 9.83% decline year-over-year, with revenue projected at $664.81 million, a 3.73% increase [1] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $7.06 per share and revenue of $2.76 billion, representing increases of +19.86% and +16.07% respectively from the previous year [2] - Recent shifts in analyst projections for SM Energy are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism [2] Zacks Rank and Valuation - SM Energy currently holds a Zacks Rank of 5 (Strong Sell), with the consensus EPS estimate moving 0.25% lower over the past month [3] - The Forward P/E ratio for SM Energy is 5.97, which is a discount compared to the industry average of 10.06 [3] - The Oil and Gas - Exploration and Production - United States industry is ranked 237 in the Zacks Industry Rank, placing it in the bottom 6% of over 250 industries [3]

Core Insights - SM Energy Company has published updated environmental, social, and governance (ESG) materials, showcasing its commitment to sustainability and safety [1][2] Group 1: ESG Publications - The updated publications include a letter from the CEO, performance highlights for 2023, the 2024 Corporate Sustainability Report, the 2024 Sustainability Accounting Standards Board Report, and the 2024 Task Force on Climate-related Disclosures framework [1] - The performance metrics for 2023 indicate superior safety performance with Total Recordable Incident Rate (TRIR) at 0.20, Lost Time Incident Rate (LTIR) at 0.00, and Days Away, Restricted or Transferred (DART) incidents at 0.04 per 200,000 man-hours [1] - The company has met its 2023 emissions targets for greenhouse gas (GHG) intensity, methane intensity, and flaring, and is on track to meet its 2030 targets [1] Group 2: Water and Employee Engagement - SM Energy has improved its water metrics by significantly increasing the recycling of produced water and reducing freshwater intensity [1] - An employee engagement survey showed high scores for senior leadership in fostering a culture of health and safety, commitment to responsible operations, and trust in executive leadership [1] Group 3: Company Overview - SM Energy is an independent energy company focused on the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) primarily in Texas and Utah [2]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SM Energy (SM) . SM Energy currently has an average brokerage recommendation (ABR) of 1.79, on ...

SM Energy Co. (SM) is facing falling energy prices as the end of 2024 approaches. Analysts are cutting earnings estimates on this Zacks Rank #5 (Strong Sell) as a result. SM Energy is an independent energy company which explores and produces crude oil, natural gas and NGLs in Texas and Utah. It has a market cap of $5.2 billion. Analysts Cut SM Energy's Earnings Estimates in the Last Month With energy companies which explore and produce crude oil, the price of oil plays a big factor in earnings. Most of thes ...

DENVER, Oct. 9, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces that it expects to release its third quarter 2024 financial and operating results after market hours on October 31, 2024. See schedule below: October 31, 2024 – After market close, the Company plans to issue its third quarter 2024 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing the third quarter 2024 financial and operating results, and an associated pr ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SM Energy (SM) . SM Energy currently has an average brokerage recommendation (ABR) of 1.85, on ...

The latest trading session saw SM Energy (SM) ending at $39.97, denoting a +0.4% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%. Coming into today, shares of the independent oil and gas company had lost 12.76% in the past month. In that same time, the Oils-Energy sector lost 2.47%, while the S&P 500 gained 2.06%. The investment community will be closely monitoring the perf ...

SM Energy (SM) is currently considered undervalued, trading at a 3.32x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 6.99x. It is also cheaper than larger exploration and production players such as EOG Resources Inc (EOG) and ConocoPhillips (COP) , which have respective EV/EBITDA of 5.11X and 5.09X. Zacks Investment Research Image Source: While a discounted valuation can offer a potentially pro ...