Calumet Inc reports results for the quarter ended September 30 - Earnings Summary

Calumet

08/11/2024 16:21

* Calumet Inc  CLMT.OQ  reported a quarterly adjusted loss
of
$1.18​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.26.  The mean expectation of six analysts for the quarter was
for a loss of 74 cents per share. Wall Street expected
results to range from $-1.44 to -53 cents per share.
    * Revenue fell 4.3% to $1.10 billion from a year ago;
analysts
expected $972.12 million. 
    * Calumet Inc's reported EPS for the quarter was a loss of
$1.18​.
    * The company reported a quarterly loss of $100.6 million.
    * Calumet Inc shares had risen by 13.7% this quarter and
gained 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 183.2% in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "buy"

Wall Street's median 12-month price target for Calumet Inc is
$26.00 
This summary was machine generated from LSEG data November 8 at
04:21 p.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      -0.74          -1.18          Missed
 Jun. 30 2024      -0.55          -0.48          Beat
 Mar. 31 2024      -0.67          -0.51          Beat
 Dec. 31 2023      -0.39          -0.59          Missed