Matador Resources (MTDR) Surpasses Q2 Earnings and Revenue Estimates

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. This quarterly report represents an earnings surprise of 17.14%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.48 per share when it ...