Analysts Estimate Vitesse Energy (VTS) to Report a Decline in Earnings: What to Look Out for

Company Overview - Vitesse Energy (VTS) is expected to report a year-over-year decline in earnings, with a projected EPS of $0.26, reflecting a decrease of 50$59.27 million, down 14.5% from the same quarter last year [3]. Earnings Expectations - The consensus EPS estimate has been revised 5.13% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Vitesse is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -19.23%, suggesting a bearish outlook on earnings prospects [10][11]. Historical Performance - In the last reported quarter, Vitesse was expected to post earnings of $0.41 per share but only achieved$0.24, resulting in a surprise of -41.46% [12]. - Over the past four quarters, Vitesse has only beaten consensus EPS estimates once [13]. Market Sentiment - The stock may experience upward movement if the actual results exceed expectations in the upcoming earnings report, scheduled for March 11 [2]. - Conversely, if the results fall short, the stock may decline [2]. Industry Context - HighPeak Energy, another player in the Oil and Gas - Exploration and Production sector, is expected to report earnings of $0.13 per share, reflecting a year-over-year decline of 80.3$246.92 million, down 18% from the previous year [17]. Analyst Insights - A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - However, Vitesse's current Zacks Rank is 2, which, combined with a negative Earnings ESP, complicates the prediction of an earnings beat [11].