CVR Energy Inc reports results for the quarter ended in March - Earnings Summary

Reuters05-01

* CVR Energy Inc reported quarterly adjusted earnings of 4 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.44. The mean expectation of seven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 10 cents to 36 cents per share.

* Revenue fell 18.5% to $1.86 billion from a year ago; analysts expected $1.96 billion.

* CVR Energy Inc's reported EPS for the quarter was 81 cents.

* CVR Energy Inc shares had fallen by 14.8% this quarter and gained 0.3% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 52.6% in the last three months.

* In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 3 "sell" or "strong sell."

* Wall Street's median 12-month price target for CVR Energy Inc is $32.00

This summary was machine generated from LSEG data May 1 at 09:50 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Mar. 31 2024 0.18 0.04 Missed

Dec. 31 2023 0.34 0.65 Beat

Sep. 30 2023 1.93 1.89 Missed

Jun. 30 2023 1.21 1.65 Beat

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The mean e","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CVI":"CVR能源","CVR":"芝加哥机械"},"translate_title":"CVR能源公司报告截至3月的季度业绩——收益摘要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVI":1,"CVR":1},"content_text":"* CVR Energy Inc    reported quarterly adjusted earnings of 4 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.44.  The mean expectation of seven analysts for the quarter was for earnings of 18 cents per share. 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