Calumet Inc expected to post a loss of 55 cents a share - Earnings Preview

Calumet

07/08/2024 16:35

* Calumet Inc  CLMT.OQ   CLMT.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 9 for the
period ending June 30 2024
    * The Indianapolis Indiana-based  company is expected to
report a
3.6% decrease in revenue to $981.51 million from $1.02 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Calumet Inc is for a
loss
of 55 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Calumet Inc
is
$22.50​, above​ its last closing price of $11.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.67       -0.67      -0.51     Beat    24
 Dec. 31 2024  -0.43       -0.39      -0.59     Missed  -52.1
 Sep. 30 2023  0.07        0.08       1.26      Beat    1,503.
                                                        7​
 Jun. 30 2023  -0.04       -0.04      -0.23     Missed  -487.6
 ​​Mar.        -0.02       0.07       0.35      Beat    390
 31 2023                                                
 Dec. 31 2022  -0.02       0.01       -0.86     Missed  -6,715
                                                        .4​
 Sep. 30 2022  0.63        0.39       0.19      Missed  -51.8
 Jun. 30 2022  0.38        0.30       -0.19     Missed  -164.1
 This summary was machine generated August 7 at 15:35 GMT.  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)