CVR Energy Inc reports results for the quarter ended in September 30 - Earnings Summary

CVR Energy

29/10/2024 02:28

* CVR Energy Inc  CVI.N  reported a quarterly adjusted loss
of 50
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.89.  The mean expectation of seven analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -20 cents to 3 cents per share.
    * Revenue fell 27.3% to $1.83 billion from a year ago;
analysts
expected $1.91 billion. 
    * CVR Energy Inc's reported EPS for the quarter was a loss
of
$1.24​.
    * The company reported a quarterly loss of $124 million.
    * CVR Energy Inc shares had risen by 3.1% this quarter and
lost 21.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 125.3% in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "sell"

Wall Street's median 12-month price target for CVR Energy Inc is
$23.00 
This summary was machine generated from LSEG data October 29 at
02:27 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
 Sep. 30 2024      -0.09          -0.50          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