Ithaca Energy plc Just Missed Earnings But Analysts Have Updated Their Models

Investors in Ithaca Energy plc (LON:ITH) had a good week, as its shares rose 2.1% to close at UK£1.50 following the release of its yearly results. It looks like a pretty bad result, all things considered. Although revenues of US$2.6b were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 36% to hit US$1.02 per share. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With…