Gibson Energy Inc reports results for the quarter ended in January 1 - Earnings Summary

Gibson Energy

30/10/2024 02:52

* Gibson Energy Inc  GEI.TO  reported quarterly adjusted
earnings
of 33 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 11 cents.  The mean expectation of six analysts for the
quarter was for earnings of 33 cents per share. Wall Street
expected results to range from 31 cents to 34 cents per share.
    * Revenue fell 10.1% to $2.90 billion from a year ago. 
    * Gibson Energy Inc's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of C$53.92
million.
    * Gibson Energy Inc shares had risen by 5.4% this
quarter and
gained 16.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
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 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 26.00 
This summary was machine generated from LSEG data October 30 at
02:52 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
 Sep. 30 2024      0.70           2.46           Beat
 Jun. 30 2024      0.72           -0.41          Missed
 Mar. 31 2024      0.75           1.17           Beat
 Dec. 31 2023      0.73           0.93           Beat