$12.48 Million in Sales Expected for Lilis Energy Inc. (NASDAQ:LLEX) This Quarter

Brokerages expect Lilis Energy Inc. (NASDAQ:LLEX) to post sales of $12.48 million for the current quarter, Zacks reports. Four analysts have made estimates for Lilis Energy’s earnings, with the highest sales estimate coming in at $14.00 million and the lowest estimate coming in at $11.60 million. Lilis Energy reported sales of $19.48 million in the same quarter last year, which indicates a negative year-over-year growth rate of 35.9%. The business is expected to announce its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Lilis Energy will report full year sales of $66.45 million for the current financial year, with estimates ranging from $63.50 million to $71.00 million. For the next year, analysts anticipate that the firm will post sales of $82.10 million, with estimates ranging from $49.70 million to $111.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Lilis Energy.

Lilis Energy (NASDAQ:LLEX) last released its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 Lilis Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th.

Shares of NASDAQ:LLEX traded down $0.04 during trading on Monday, 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.

Lilis Energy Company Profile

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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