Lilis Energy Inc. (NASDAQ:LLEX) Expected to Announce Earnings of -$0.11 Per Share

Wall Street analysts forecast that Lilis Energy Inc. (NASDAQ:LLEX) will announce earnings of ($0.11) per share for the current quarter, according to Zacks. Four analysts have issued estimates for Lilis Energy’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.14). Lilis Energy reported earnings of ($0.09) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Lilis Energy will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.36). For the next financial year, analysts expect that the business will post earnings of ($0.34) per share, with EPS estimates ranging from ($0.54) to ($0.03). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Lilis Energy.

Lilis Energy (NASDAQ:LLEX) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The company had revenue of $21.57 million for the quarter, compared to analyst estimates of $20.34 million.

Separately, Seaport Global Securities downgraded Lilis Energy from a “buy” rating to a “neutral” rating in a report on Thursday.

Shares of NASDAQ LLEX traded down $0.01 during mid-day trading on Friday, hitting $0.31. 285,815 shares of the company were exchanged, compared to its average volume of 515,412. Lilis Energy has a 1-year low of $0.28 and a 1-year high of $4.13.

Lilis Energy Company Profile

Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Delaware Basin is approximately 20,400 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.

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