Capital Product Partners LP reports results for the quarter ended in January - Earnings Summary

Capital Clean Energy Carriers

02/08/2024 14:38

* Capital Product Partners LP  CPLP.OQ  reported quarterly
adjusted earnings of 33 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 36 cents.  The mean expectation of
three analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 5 cents to 26
cents per share.
    * Revenue rose 10.3% to $97.67 million from a year ago;
analysts
expected $92.61 million. 
    * Capital Product Partners LP's reported EPS for the quarter
was
62 cents​.
    * The company reported quarterly net income of $33.19
million.
    * Capital Product Partners LP shares had fallen by 3.8% this
quarter and gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Capital Product
Partners LP is $20.00 
This summary was machine generated from LSEG data August 2 at
01:38 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
 Jun. 30 2024      0.17           0.33           Beat
 Mar. 31 2024      0.33           0.32           Missed
 Dec. 31 2023      0.55           0.48           Missed
 Sep. 30 2023      0.65           0.84           Beat