NYSE:CRKOil and Gas
Comstock Resources (CRK): Earnings Growth Exceeds 74% Forecast, But Premium Valuation Fuels Debate
Comstock Resources (CRK) turned profitable over the past five years, boasting average annual earnings growth of 8.6% and posting net profit margins finally in positive territory. Wall Street is sizing up this momentum, with forecasts calling for a massive 74.6% annual earnings growth, which easily outpaces the US market’s expected 16%. Revenue, meanwhile, is projected to rise at 9.8% per year, just a touch behind the US average of 10.5%.
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