Icahn Enterprises LP reports results for the quarter ended in December - Earnings Summary

Icahn Enterprises LP

28/02/2024 17:07

* Icahn Enterprises LP  IEP.OQ  reported a quarterly
adjusted loss
of 33 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -59 cents.  The lone analyst forecast for the
quarter was for earnings of 21 cents per share. 
    * Revenue fell 19.4% to $2.64 billion from a year ago;
analysts
expected $2.36 billion. 
    * The company reported a quarterly loss of $136 million.
    * Icahn Enterprises LP shares had risen by 12.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "strong buy"

Wall Street's median 12-month price target for Icahn Enterprises
LP is $26.00 
This summary was machine generated from LSEG data February 28 at
05:05 p.m. UTC. ​All figures in US 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      0.21           -0.33          Missed
 Sep. 30 2023      0.34           -0.01          Missed
 Jun. 30 2023      0.25           -0.72          Missed
 Mar. 31 2023      0.19           -0.11          Missed