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

CVR Energy

29/07/2024 23:27

* CVR Energy Inc  CVI.N  reported quarterly adjusted
earnings of 9
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.65. 
The mean expectation of seven analysts for the quarter was for a
loss of 22 cents per share. Wall Street expected results to
range from -30 cents to -13 cents per share.
    * Revenue fell 12% to $1.97 billion from a year ago;
analysts
expected $1.80 billion. 
    * CVR Energy Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $21 million.
    * CVR Energy Inc shares had risen by 2.4% this quarter and
lost 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 121%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "hold"

Wall Street's median 12-month price target for CVR Energy Inc is
$26.00 
This summary was machine generated from LSEG data July 29 at
10:26 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      -0.22          0.09           Beat
 Mar. 31 2024      0.18           0.04           Missed
 Dec. 31 2023      0.34           0.65           Beat
 Sep. 30 2023      1.93           1.89           Missed