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

Gibson Energy

30/04/2024 01:58

* Gibson Energy Inc  GEI.TO  reported quarterly adjusted
earnings
of 25 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 61 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 46 cents per share. Wall Street
expected results to range from 35 cents to 96 cents per share.
    * Revenue rose 39% to $3.29 billion from a year ago;
analysts
expected C$2.87 billion. 
    * Gibson Energy Inc's reported EPS for the quarter was 25
cents​.
    * The company reported quarterly net income of $40.49
million.
    * Gibson Energy Inc shares had fallen by 1.8% this
quarter and
gained 12.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 April 30 at
12:58 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
 Mar. 31 2024      0.75           1.17           Beat
 Dec. 31 2023      0.73           0.93           Beat
 Sep. 30 2023      0.64           1.01           Beat
 Jun. 30 2023      0.66           0.49           Missed