Baytex Energy Corp reports results for the quarter ended in January 1 - Earnings Summary

Baytex Energy

01/11/2024 03:01

* Baytex Energy Corp  BTE.TO  reported quarterly adjusted
earnings
of 23 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of three analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 18 cents to 58 cents per share.
    * Revenue fell 7.6% to $1.07 billion from a year ago;
analysts
expected $1.06 billion. 
    * Baytex Energy Corp's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $185.22
million.
    * Baytex Energy Corp shares had fallen by 1.5% this
quarter and
lost 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Baytex Energy
Corp is C$6.00 
This summary was machine generated from LSEG data November 1 at
03:01 a.m. UTC. ​All figures in US 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
 Sep. 30 2024      0.60           0.69           Beat
 Jun. 30 2024      0.64           0.62           Missed
 Mar. 31 2024      0.52           0.47           Missed
 Dec. 31 2023      0.61           0.57           Missed