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

Calumet

10/05/2024 16:25

* Calumet Specialty Products Partners LP  CLMT.OQ  reported
a
quarterly adjusted loss of 51 cents​​ per share for the quarter
ended in March, lower than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 67 cents per
share. Wall Street expected results to range from $-1.01 to -21
cents per share.
    * Revenue fell 3% to $1.01 billion from a year ago; analysts
expected $900.80 million. 
    * Calumet Specialty Products Partners LP's reported EPS for
the
quarter was a loss of 51 cents​.
    * The company reported a quarterly loss of $40.8 million.
    * Calumet Specialty Products Partners LP shares had risen
by 8.7%
this quarter and lost 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 570.1% in the last three months.​ 
    * In the last 30 days, four 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 May 10 at
03:25 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
 Mar. 31 2024      -0.67          -0.51          Beat
 Dec. 31 2023      -0.39          -0.59          Missed
 Sep. 30 2023      0.08           1.26           Beat
 Jun. 30 2023      -0.04          -0.23          Missed