CVR Energy Inc expected to post earnings of 34 cents a share - Earnings Preview

CVR Energy

16/02/2024 22:20

* CVR Energy Inc  CVI.N   CVI  is expected to show a fall in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The Sugar Land Texas-based  company is expected to report
a
15.8% decrease in revenue to $2.257 billion from $2.68 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for CVR Energy Inc is for
earnings
of 34 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CVR Energy
Inc is
$34.00​, below​ its last closing price of $35.05. ​​​

The company's guidance on October 30 2023 for the period ended
December 31 was for Capital Expenditures between USD65 million
and USD81 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.94        1.93       1.89      Missed  -2.1
 Jun. 30 2023  1.18        1.21       1.65      Beat    36.7
 Mar. 31 2023  1.12        1.04       1.44      Beat    38.5​
 Dec. 31 2022  1.50        1.49       1.68      Beat    13.1
 ​​Sep.        1.88        1.90       1.90      Met     -0.1
 30 2022                                                
 Jun. 30 2022  2.33        2.30       2.45      Beat    6.6​
 Mar. 31 2022  0.05        0.02       0.02      Met     -18.1
 Dec. 31 2021  0.09        0.08       -0.20     Missed  -344.9
 This summary was machine generated February 16 at 22:20 GMT. 
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)