Civitas Resources (CIVI) Lags Q4 Earnings and Revenue Estimates

Civitas Resources (CIVI) came out with quarterly earnings of $1.78 per share, missing the Zacks Consensus Estimate of$ 1.95 per share. This compares to earnings of $3.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.72%. A quarter ago, it was expected that this oil and gas company would post earnings of$ 1.86 per share when it actually produced earnings of $1.99, delivering a surprise of 6.99%.Over the last four quarters, ...