Baytex Energy Corp expected to post earnings of 13  cents a share - Earnings Preview

Baytex Energy

03/05/2023 02:06

* Baytex Energy Corp  BTE.TO   is expected to show a fall in
quarterly revenue when it reports  results on May 4. 
    * The Calgary Alberta-based  company is expected to report 
a
19.0% decrease in revenue to C$545.5 million from C$673.83
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Baytex Energy Corp
is for
earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"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 Baytex
Energy
Corp is C$7​, above​ its last closing price of C$4.72. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.46        0.51       0.55      Beat    8
 Sep. 30 2022  0.50        0.51       0.55      Beat    8.3
 Jun. 30 2022  0.59        0.58       0.63      Beat    8​
 Mar. 31 2022  0.48        0.46       0.35      Missed  -24.3
 ​​Dec.        0.37        0.37       0.42      Beat    14.6
 31 2021                                                
 Sep. 30 2021  0.33        0.32       0.31      Missed  -3.8​
 Jun. 30 2021  0.28        0.26       0.30      Beat    14.1
 Mar. 31 2021  0.23        0.23       0.22      Missed  -7.3
 This summary was machine generated May 3 at 01:06 GMT.  All
figures in Canadian dollars  unless otherwise stated