Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessW&T Offshore, Inc. (NYSE: WTI) Quarterly Earnings Insight

W&T Offshore, Inc. (NYSE: WTI) Quarterly Earnings Insight

Add to Favorite
Added to Favorite


W&T Offshore, Inc. (NYSE:WTI) is expected to report an EPS of -$0.19 for Q3, indicating potential financial challenges.
The company’s revenue for the quarter is projected at approximately $122.41 million, with a negative P/E ratio of -14.13.
WTI’s debt-to-equity ratio stands at 78.60, highlighting a high level of debt, though a current ratio of 1.06 suggests short-term financial stability.

W&T Offshore, Inc. (NYSE:WTI) is a company engaged in the exploration and production of oil and natural gas, primarily operating in the Gulf of Mexico. As a significant player in the energy sector, WTI competes with other oil and gas companies in the region. The company is set to release its quarterly earnings on Thursday, November 7, 2024, after market close.

Wall Street estimates that WTI will report an earnings per share (EPS) of -$0.19 for the third quarter. This anticipated decline in earnings is consistent with the company’s current financial challenges. As highlighted by Zacks Investment Research, WTI lacks the optimal combination of key factors necessary for an earnings beat in its upcoming report.

The revenue for the quarter is projected to be approximately $122.41 million. Despite this revenue, WTI’s financial metrics indicate ongoing struggles. The company has a negative price-to-earnings (P/E) ratio of -14.13, reflecting its current unprofitability. Additionally, the earnings yield stands at approximately -7.08%, further emphasizing the financial difficulties.

WTI’s price-to-sales ratio is 0.64, meaning investors are paying 64 cents for every dollar of sales. The enterprise value to sales ratio is 1.11, indicating the company’s valuation relative to its revenue. The enterprise value to operating cash flow ratio is 5.44, showing how many times the operating cash flow can cover the enterprise value.

The company’s debt-to-equity ratio is 78.60, indicating a relatively high level of debt compared to equity. However, WTI’s current ratio of 1.06 suggests a modest level of short-term financial health, as it has slightly more current assets than current liabilities.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Arch Capital Group’s Market Outlook and Financial Performance

Michael Zaremski from Capital One Financial set a price...

Jazz Pharmaceuticals’ Financial and Operational Highlights

Earnings per Share (EPS) of $3.40, missing the estimated...

Clarivate Plc (NYSE:CLVT) Q3 Earnings Overview

Clarivate Plc reported a Q3 EPS of -$0.09128, missing...

Clean Energy Fuels Corp. (NASDAQ: CLNE) Financial Performance Review

Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a revenue of...