Matador Resources (MTDR) Surpasses Q2 Earnings and Revenue Estimates

Company Performance - Matador Resources (MTDR) reported quarterly earnings of $2.05 per share, exceeding the Zacks Consensus Estimate of $1.75 per share, and up from $1.42 per share a year ago [6] - The company achieved revenues of $847.14 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.75%, compared to $638.08 million in the same quarter last year [7] - Matador has consistently outperformed consensus revenue estimates for the last four quarters [7][11] Future Outlook - The current consensus EPS estimate for Matador for the upcoming quarter is $2.03 on revenues of $899.74 million, and for the current fiscal year, it is $7.96 on revenues of $3.51 billion [9] - The estimate revisions trend for Matador is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [13] - The industry outlook is also positive, with the Oil and Gas - Exploration and Production - United States sector currently ranking in the top 26% of over 250 Zacks industries [14] Industry Context - Coterra Energy (CTRA), another company in the same industry, is expected to report revenues of $1.36 billion, reflecting a 14.8% increase from the previous year [10] - The overall performance of stocks in the oil and gas sector can be significantly influenced by the industry's outlook [14]