Magnolia Oil & Gas Corp (MGY) Q4 Earnings Beat Estimates

Core Insights - Magnolia Oil & Gas Corp (MGY) reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, but down from $0.50 per share a year ago, resulting in an earnings surprise of 6.52% [1][2] - The company generated revenues of $326.61 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.01%, but up from $322.63 million year-over-year [2] - The stock has underperformed the S&P 500, gaining about 0.5% since the beginning of the year compared to the S&P 500's 4% increase [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $332.34 million, and for the current fiscal year, it is $2.08 on revenues of $1.37 billion [7] - The estimate revisions trend for Magnolia Oil & Gas Corp is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]