Riley Exploration Permian, Inc. (REPX) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - The market anticipates Riley Exploration Permian, Inc. (REPX) will report a year-over-year increase in earnings driven by higher revenues when it releases its results for the quarter ended December 2024 [1] Earnings Expectations - The upcoming earnings report is expected on March 5, 2025, with a consensus EPS estimate of $1.61, reflecting a year-over-year increase of +130$104.77 million, which is a 5% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 4.94% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.56%, suggesting a bullish outlook on the company's earnings prospects [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8] - Stocks with this combination have historically produced a positive surprise nearly 70% of the time [8] Historical Performance - In the last reported quarter, the company was expected to post earnings of $1.56 per share but actually reported$1.43, resulting in a surprise of -8.33% [12] - Over the past four quarters, the company has only beaten consensus EPS estimates once [13] Industry Comparison - California Resources Corporation (CRC), another player in the Oil and Gas - Exploration and Production - United States industry, is expected to report earnings of $0.96 per share for the same quarter, indicating a year-over-year change of +3.2$907.09 million, up 24.9% from the previous year [17] - However, CRC has an Earnings ESP of -11.00%, making it challenging to predict a beat on the consensus EPS estimate [18]