Kelt Exploration Ltd reports results for the quarter ended in September 30 - Earnings Summary

Kelt Exploration

07/11/2024 20:45

* Kelt Exploration Ltd  KEL.TO  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 10 cents.  The lone analyst forecast for the
quarter was for earnings of 23 cents per share. 
    * Revenue fell 6.4% to C$94.99 million from a year ago. 
    * Kelt Exploration Ltd's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of C$8.87
million.
    * Kelt Exploration Ltd shares had risen by 4.8% this
quarter and
gained 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.8%
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 "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Kelt Exploration
Ltd is 8.63 
This summary was machine generated from LSEG data November 7 at
08:45 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
 Sep. 30 2024      0.26           0.26           Met
 Jun. 30 2024      0.28                          
 Mar. 31 2024      0.30           0.32           Beat
 Dec. 31 2023      0.33           0.31           Missed