Sitio Royalties (STR) ZACKS·2024-11-06 23:26Core Viewpoint - Sitio Royalties reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.14, but down from $0.23 per share a year ago, indicating a 7.14% earnings surprise [1][2] Financial Performance - The company posted revenues of $149.38 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.40%, and down from $156.71 million year-over-year [2] - Over the last four quarters, Sitio Royalties has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Sitio Royalties shares have declined approximately 3.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $151 million, and for the current fiscal year, it is $0.56 on revenues of $623 million [7] - The estimate revisions trend for Sitio Royalties is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Oil and Gas - Royalty Trust - United States industry is currently in the bottom 6% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8]