* PBF Energy Inc reported quarterly adjusted earnings of 85 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $2.76. The mean expectation of fourteen analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 50 cents to 78 cents per share.
* Revenue fell 7% to $8.65 billion from a year ago; analysts expected $7.13 billion.
* PBF Energy Inc's reported EPS for the quarter was 86 cents.
* The company reported quarterly net income of $107.3 million.
* PBF Energy Inc shares had fallen by 9.3% this quarter and gained 18.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 7.8% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil & gas refining and marketing peer group is also "hold"
Wall Street's median 12-month price target for PBF Energy Inc is $57.00 This summary was machine generated from LSEG data May 2 at 01:32 p.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 0.66 0.85 Beat
Dec. 31 2023 0.06 -0.41 Missed
Sep. 30 2023 4.84 6.61 Beat
Jun. 30 2023 2.21 2.29 Beat
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