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

Calumet

05/05/2023 14:32

* Calumet Specialty Products Partners LP  CLMT.OQ  reported
quarterly adjusted earnings of 35 cents​​ per share for the
quarter ended in March. The mean expectation of seven analysts
for the quarter was for earnings of 7 cents per share.
    * Revenue fell 5.6% to $1.04 billion from a year ago;
analysts
expected $927.41 million. 
    * Calumet Specialty Products Partners LP's reported EPS for
the
quarter was 35 cents​.
    * The mean earnings estimate of analysts had fallen by
about 83.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Calumet Specialty Products Partners LP shares had fallen
by 7.8%
this quarter and lost 5.0% so far this year.
    * The company reported quarterly net income of $28.1
million.
    * Wall Street's median 12-month price target for Calumet
Specialty
Products Partners LP is $25.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
5 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.07           0.35           Beat
 Dec. 31 2022      0.01           -0.86          Missed
 Sep. 30 2022      0.39           0.19           Missed
 Jun. 30 2022      0.30           -0.19          Missed