ARC Resources Ltd expected to post earnings of 40 cents a share - Earnings Preview

ARC Resources

08/05/2024 03:22

* ARC Resources Ltd  ARX.TO   is expected to report
resultson May
9 for the period ending March 31 2024
    * The Calgary Alberta-based  company is expected to report
revenue
of C$1.076 billion, according to the estimate from one analyst,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ARC Resources Ltd is for
earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 1
"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$29.00​, above​ its last closing price of C$25.40. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.06        1.09       1.16      Beat    6.8
 Sep. 30 2023  1.07        1.08       0.99      Missed  -8.5
 Jun. 30 2023  0.88        0.92       0.90      Missed  -1.9​
 Mar. 31 2023  1.11        1.15       0.87      Missed  -24.2
 ​​Dec.        1.49        1.48       1.39      Missed  -6
 31 2022                                                
 Sep. 30 2022  1.43        1.45       1.68      Beat    15.9​
 Jun. 30 2022  1.50        1.45       1.61      Beat    10.9
 Mar. 31 2022  1.11        1.13       1.10      Missed  -2.3
 This summary was machine generated May 8 at 02:22 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)