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

Icahn Enterprises LP

07/08/2024 14:52

* Icahn Enterprises LP  IEP.OQ  reported a quarterly
adjusted loss
of 72 cents​​ per share for the quarter ended in June, identical
to the same quarter last year.  The lone analyst forecast for
the quarter was for earnings of 19 cents per share. 
    * Revenue fell 12% to $2.36 billion from a year ago;
analysts
expected $2.24 billion. 
    * Icahn Enterprises LP's reported EPS for the quarter was a
loss
of 72 cents​.
    * The company reported a quarterly loss of $325 million.
    * Icahn Enterprises LP shares had risen by 1.6% this
quarter and
lost 2.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
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 $25.00 
This summary was machine generated from LSEG data August 7 at
01:52 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
 Jun. 30 2024      0.19           -0.72          Missed
 Mar. 31 2024      0.25           -0.09          Missed
 Dec. 31 2023      0.21           -0.33          Missed
 Sep. 30 2023      0.34           -0.01          Missed