CVR Energy Inc reports results for the quarter ended in December - Earnings Summary

CVR Energy

21/02/2024 10:42

* CVR Energy Inc  CVI.N  reported quarterly adjusted
earnings of
65 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.68.  The mean expectation of seven analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 20 cents to 62 cents per share.
    * Revenue fell 17.8% to $2.20 billion from a year ago;
analysts
expected $2.26 billion. 
    * CVR Energy Inc's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $91 million.
    * CVR Energy Inc shares had risen by 13.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 61.5%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for CVR Energy
Inc is
$34.00 

This summary was machine generated from LSEG data February 21 at
10:41 a.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      0.34           0.65           Beat
 Sep. 30 2023      1.93           1.89           Missed
 Jun. 30 2023      1.21           1.65           Beat
 Mar. 31 2023      1.04           1.44           Beat