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Ring Energy (REI) Lags Q1 Earnings and Revenue Estimates
REIRing Energy(REI) ZACKS·2025-05-08 00:25

Group 1 - Ring Energy reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share, and down from $0.10 per share a year ago, representing an earnings surprise of -16.67% [1] - The company posted revenues of $79.09 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.28%, and down from $94.5 million year-over-year [2] - Ring Energy shares have declined approximately 36.8% since the beginning of the year, compared to a decline of -4.7% for the S&P 500 [3] Group 2 - The current consensus EPS estimate for the coming quarter is $0.02 on revenues of $80.95 million, and for the current fiscal year, it is $0.16 on revenues of $336.04 million [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 25% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]