W&T Offshore (WTI) Reports Q4 Loss, Misses Revenue Estimates

Core Viewpoint - W&T Offshore reported a quarterly loss of $0.18 per share, aligning with the Zacks Consensus Estimate, and a decline from a loss of $0.06 per share a year ago [1]. Financial Performance - The company posted revenues of $120.35 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.54%, and down from $132.34 million year-over-year [2]. - Over the last four quarters, W&T has surpassed consensus EPS estimates only once [1][2]. Stock Performance - W&T shares have increased approximately 0.6% since the beginning of the year, compared to a 1.2% gain for the S&P 500 [3]. - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $134.96 million, and for the current fiscal year, it is -$0.43 on revenues of $550.73 million [7]. Industry Outlook - The Oil and Gas - Exploration and Production - United States industry is currently in the top 13% of Zacks industries, indicating a favorable outlook [8]. - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact W&T's stock performance [5]. Future Expectations - The estimate revisions trend for W&T is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]. - The upcoming earnings call will be crucial for understanding management's commentary and future earnings expectations [3][4].