ARC Resources Ltd expected to post earnings of 35 cents a share - Earnings Preview

ARC Resources

05/11/2024 08:08

* ARC Resources Ltd  ARX.TO   is expected to show a fall in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Calgary Alberta-based  company is expected to report a
20.9% decrease in revenue to C$1.113 billion from C$1.41 billion
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ARC Resources Ltd is for
earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ARC
Resources Ltd
is C$30.00​, above​ its last closing price of C$23.13. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.84        0.87       0.91      Beat    5
 Jan. 1 2024   0.98        0.99       1.06      Beat    7
 Jan. 1 0001   1.06        1.09       1.16      Beat    6.8​
 Jan. 1 0001   1.07        1.08       0.99      Missed  -8.5
 ​​Jun.        0.88        0.92       0.90      Missed  -1.9
 30 2023                                                
 Mar. 31 2023  1.11        1.15       0.87      Missed  -24.2​
 Jan. 1 0001   1.49        1.48       1.39      Missed  -6
 Jan. 1 0001   1.43        1.45       1.68      Beat    15.9
 This summary was machine generated November 5 at 08:08 GMT.  All
figures in Canadian 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)