Calumet Specialty Products Partners LP reports results for the quarter ended in December - Earnings Summary

Calumet

23/02/2024 14:31

* Calumet Specialty Products Partners LP  CLMT.OQ  reported
a
quarterly adjusted loss of 59 cents​​ per share for the quarter
ended in December, higher than the same quarter last year, when
the company reported EPS of -86 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 39 cents per
share. Wall Street expected results to range from -78 cents
to -17 cents per share.
    * Revenue fell 2.3% to $976.50 million from a year ago;
analysts
expected $926.13 million. 
    * Calumet Specialty Products Partners LP's reported EPS for
the
quarter was a loss of 59 cents​.
    * The company reported a quarterly loss of $48 million.
    * Calumet Specialty Products Partners LP shares had fallen
by 3.7%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 117.5% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 Specialty
Products Partners LP is $25.00 
This summary was machine generated from LSEG data February 23 at
02:31 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
 Dec. 31 2023      -0.39          -0.59          Missed
 Sep. 30 2023      0.08           1.26           Beat
 Jun. 30 2023      -0.04          -0.23          Missed
 Mar. 31 2023      0.07           0.35           Beat