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

Excelerate Energy

29/02/2024 18:52

* Excelerate Energy Inc  EE.N  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.29.  The mean expectation of
eight analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 10 cents to 28
cents per share.
    * Revenue fell 47.3% to $240.06 million from a year ago;
analysts
expected $317.54 million. 
    * Excelerate Energy Inc's reported EPS for the quarter was
14
cents​.
    * The company reported quarterly net income of $3.71
million.
    * Excelerate Energy Inc shares had fallen by 10.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.5%
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 "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for Excelerate Energy
Inc is $23.00 
This summary was machine generated from LSEG data February 29 at
06:51 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
 Dec. 31 2023      0.19           0.14           Missed
 Sep. 30 2023      0.30           0.40           Beat
 Jun. 30 2023      0.33           0.23           Missed
 Mar. 31 2023      0.24           1.24           Beat