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

Gibson Energy

31/07/2023 23:36

* Gibson Energy Inc  GEI.TO  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 35 cents per share.
    * Revenue fell 18.2% to C$2.61 billion from a year ago;
analysts
expected C$2.16 billion. 
    * Gibson Energy Inc's reported EPS for the quarter was 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Gibson Energy Inc shares had risen by 1.8% this
quarter and
lost 10.3% so far this year.
    * The company reported quarterly net income of C$52.03
million.
    * Wall Street's median 12-month price target for Gibson
Energy Inc
is C$26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:36 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.66           0.49           Missed
 Mar. 31 2023      0.76           1.10           Beat
 Dec. 31 2022      0.72           0.48           Missed
 Sep. 30 2022      0.70           1.40           Beat