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

Wall Street brokerages expect Lilis Energy Inc. (NASDAQ:LLEX) to announce earnings per share of ($0.11) for the current quarter, according to Zacks. Four analysts have made estimates for Lilis Energy’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.14). Lilis Energy reported earnings per share of ($0.09) during the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The business is expected to issue 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 financial year, with EPS estimates ranging from ($0.62) to ($0.36). For the next year, analysts expect that the business will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.54) to ($0.03). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Lilis Energy.

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

Separately, Seaport Global Securities lowered shares of Lilis Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th.

Lilis Energy stock traded down $0.04 during mid-day trading on Friday, reaching $0.24. The company had a trading volume of 695,576 shares, compared to its average volume of 514,044. Lilis Energy has a fifty-two week low of $0.19 and a fifty-two week high of $3.70.

About Lilis Energy

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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