W&T Offshore(US:WTI) ZACKSยท2025-05-06 23:10Company Performance - W&T Offshore reported a quarterly loss of $0.13 per share, slightly better than the Zacks Consensus Estimate of a loss of $0.14, compared to a loss of $0.05 per share a year ago, indicating an earnings surprise of 7.14% [1] - The company posted revenues of $129.87 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.89%, but down from $140.79 million in the same quarter last year [2] - Over the last four quarters, W&T has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Outlook - W&T shares have declined approximately 30.7% since the beginning of the year, contrasting with the S&P 500's decline of 3.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $132.42 million, and for the current fiscal year, it is -$0.40 on revenues of $555.62 million [7] - The estimate revisions trend for W&T is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently in the bottom 24% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [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]