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

CVR Energy

01/05/2024 10:50

* CVR Energy Inc  CVI.N  reported quarterly adjusted
earnings of 4
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.44. 
The mean expectation of seven analysts for the quarter was
for earnings of 18 cents per share. Wall Street expected
results to range from 10 cents to 36 cents per share.
    * Revenue fell 18.5% to $1.86 billion from a year ago;
analysts
expected $1.96 billion. 
    * CVR Energy Inc's reported EPS for the quarter was 81
cents​.
    * CVR Energy Inc shares had fallen by 14.8% this quarter and
gained 0.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 52.6%
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 1 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for CVR Energy
Inc is
$32.00 

This summary was machine generated from LSEG data May 1 at 09:50
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
 Mar. 31 2024      0.18           0.04           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