Core Viewpoint - Veren (VRN) reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and showing an increase from $0.27 per share a year ago, representing an earnings surprise of 20.83% [1] Financial Performance - The company posted revenues of $767.21 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 10.55%, compared to $743.7 million in the same quarter last year [2] - Over the last four quarters, Veren has exceeded consensus revenue estimates three times [2] Stock Performance and Outlook - Veren shares have declined approximately 6.2% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $678.96 million, and for the current fiscal year, it is $0.85 on revenues of $2.9 billion [7] Industry Context - The Zacks Industry Rank for Oil and Gas - Integrated - Canadian is currently in the bottom 24% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]
Veren (VRN) Q4 Earnings and Revenues Beat Estimates