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

Baytex Energy

05/05/2023 01:02

* Baytex Energy Corp  BTE.TO  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 13 cents per share.
    * Revenue fell 17.6% to C$555.34 million from a year ago;
analysts
expected C$545.50 million. 
    * Baytex Energy Corp's reported EPS for the quarter was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Baytex Energy Corp shares had fallen by 9.7% this
quarter and
lost 24.7% so far this year.
    * The company reported quarterly net income of C$51.44
million.
    * Wall Street's median 12-month price target for Baytex
Energy
Corp is C$7.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
5 at 12:02 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.46           0.33           Missed
 Dec. 31 2022      0.51           0.55           Beat
 Sep. 30 2022      0.51           0.55           Beat
 Jun. 30 2022      0.58           0.63           Beat