ARC Resources Ltd reports results for the quarter ended in December - Earnings Summary

ARC Resources

08/02/2024 23:23

* ARC Resources Ltd  ARX.TO  reported quarterly adjusted
earnings
of 84 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of C$1.18.  The mean expectation of two analysts for the quarter
was for earnings of 54 cents per share. Wall Street expected
results to range from 53 cents to 54 cents per share.
    * Revenue fell 35.1% to C$1.39 billion from a year ago. 
    * ARC Resources Ltd's reported EPS for the quarter was 84
cents​.
    * The company reported quarterly net income of C$506.3
million.
    * ARC Resources Ltd shares had risen by 2.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for ARC Resources Ltd
is C$26.00 
This summary was machine generated from LSEG data February 8 at
11:23 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.09           1.16           Beat
 Sep. 30 2023      1.08           0.99           Missed
 Jun. 30 2023      0.92           0.90           Missed
 Mar. 31 2023      1.15           0.87           Missed