Baytex Energy Corp expected to post earnings of 16 cents a share - Earnings Preview

Baytex Energy

26/02/2024 21:15

* Baytex Energy Corp  BTE.TO   is expected to show a rise in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Calgary Alberta-based  company is expected to report a
93.6% increase in revenue to C$1.021 billion from C$527.3
million a year ago, according to the estimate from one analyst,
based on LSEG data. (Majority basis is on Total revenue basis.)
    * ​LSEG's mean analyst estimate for Baytex Energy Corp is
for
earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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$6.50​, above​ its last closing price of C$4.60. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.64        0.63       0.52      Missed  -17.6
 Jun. 30 2023  0.45        0.46       0.33      Missed  -27.6
 Mar. 31 2023  0.46        0.46       0.33      Missed  -28.1​
 Dec. 31 2022  0.46        0.51       0.55      Beat    8
 ​​Sep.        0.50        0.51       0.55      Beat    8.3
 30 2022                                                
 Jun. 30 2022  0.59        0.58       0.63      Beat    8​
 Mar. 31 2022  0.48        0.46       0.35      Missed  -24.3
 Dec. 31 2021  0.37        0.37       0.42      Beat    14.6
 This summary was machine generated February 26 at 21:14 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)