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

Gibson Energy

29/07/2024 22:01

* Gibson Energy Inc  GEI.TO  reported quarterly adjusted
earnings
of 38 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 37 cents.  The mean expectation of six analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 32 cents to 37 cents per share.
    * Revenue rose 23.7% to C$3.23 billion from a year ago. 
    * Gibson Energy Inc's reported EPS for the quarter was 38
cents​.
    * The company reported quarterly net income of C$63.33
million.
    * Gibson Energy Inc shares had fallen by 0.7% this
quarter and
gained 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 July 29 at
09:01 p.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
 Jun. 30 2024      0.72           -0.41          Missed
 Mar. 31 2024      0.75           1.17           Beat
 Dec. 31 2023      0.73           0.93           Beat
 Sep. 30 2023      0.64           1.01           Beat