Range Resources Beats Q1 Estimates, Shares Rise 16.7% Year-to-Date

Context Range Resources is an independent U.S. oil and gas exploration and production company. Over the last four quarters it has topped consensus EPS estimates each time. A year ago its Q1 earnings were $0.96 per share.

Key Facts - Q1 earnings per share (EPS) came in at $1.52, above the Zacks consensus estimate (the average forecast from Zacks) of $1.33 per share. - Q1 revenue reached $1.02 billion, exceeding the consensus estimate by 10.77%. - Since January the stock has gained roughly 16.7%, while the S&P 500 rose 3.9% over the same period.

What It Means The beat suggests higher cash flow from higher commodity prices or cost controls. Investors will watch management’s commentary on the next earnings call for guidance on production plans and capital spending. Future estimate revisions and the Zacks Rank will signal whether the stock can maintain its outperformance.