Aug. 12 at 12:48 PM
$CIVI earnings miss: Is the capital return strategy enough? 🤔
Civitas reported Q2 EPS of 99 cents, missing the Zacks Consensus Estimate of
$1.12, with revenues down 19.5% from the year-ago figure due to a decline in oil and gas sales volume. However, asset sales exceeding
$435M and a
$250M share buyback program could bolster investor confidence.
Explore the full earnings report here 👉 https://www.zacks.com/stock/news/2702265/civitas-q2-earnings-and-revenues-miss-estimates-both-fall-yy?cid=sm-stocktwits-2-2702265-body-7316&ADID=SYND_STOCKTWITS_TWEET_2_2702265_BODY_7316