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

Gibson Energy

21/02/2024 10:44

* Gibson Energy Inc  GEI.TO  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 43 cents.  The mean expectation of six analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 36 cents to 58 cents per share.
    * Revenue rose 12.4% to C$2.81 billion from a year ago;
analysts
expected C$3.33 billion. 
    * Gibson Energy Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of C$53.3
million.
    * Gibson Energy Inc shares had risen by 3.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "buy"

Wall Street's median 12-month price target for Gibson Energy Inc
is C$25.00 
This summary was machine generated from LSEG data February 21 at
10:43 a.m. UTC. ​All figures in Canadian 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      0.73           0.93           Beat
 Sep. 30 2023      0.64           1.01           Beat
 Jun. 30 2023      0.66           0.49           Missed
 Mar. 31 2023      0.76           1.10           Beat