* Calumet Inc reported a quarterly adjusted loss of $1.18 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.26. The mean expectation of six analysts for the quarter was for a loss of 74 cents per share. Wall Street expected results to range from $-1.44 to -53 cents per share.
* Revenue fell 4.3% to $1.10 billion from a year ago; analysts expected $972.12 million.
* Calumet Inc's reported EPS for the quarter was a loss of $1.18.
* The company reported a quarterly loss of $100.6 million.
* Calumet Inc shares had risen by 13.7% this quarter and gained 13.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 183.2% in the last three months.
* In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil & gas refining and marketing peer group is also "buy"
Wall Street's median 12-month price target for Calumet Inc is $26.00 This summary was machine generated from LSEG data November 8 at 04:21 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
Sep. 30 2024 -0.74 -1.18 Missed
Jun. 30 2024 -0.55 -0.48 Beat
Mar. 31 2024 -0.67 -0.51 Beat
Dec. 31 2023 -0.39 -0.59 Missed
Comments