Civitas Resources (CIVI) Lags Q4 Earnings and Revenue Estimates

Core Viewpoint - Civitas Resources reported quarterly earnings of $1.78 per share, missing the Zacks Consensus Estimate of $1.95 per share, and down from $3.20 per share a year ago, indicating an earnings surprise of -8.72% [1][2] Financial Performance - The company posted revenues of $1.29 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.17%, compared to $1.13 billion in the same quarter last year [2] - Over the last four quarters, Civitas has surpassed consensus EPS estimates only once [2] Stock Performance - Civitas shares have increased approximately 7% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3] - The current Zacks Rank for Civitas is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.15 on revenues of $1.26 billion, and for the current fiscal year, it is $9.93 on revenues of $5.21 billion [7] - The trend of estimate revisions for Civitas is mixed, which could change following the recent earnings report [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8]