Keyera Corp reports results for the quarter ended in January - Earnings Summary

Keyera

08/08/2024 14:31

* Keyera Corp  KEY.TO  reported quarterly adjusted earnings
of 62
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 69
cents.  The mean expectation of five analysts for the quarter
was for earnings of 54 cents per share. Wall Street expected
results to range from 52 cents to 55 cents per share.
    * Revenue rose 14.6% to C$1.72 billion from a year ago;
analysts
expected C$1.52 billion. 
    * Keyera Corp's reported EPS for the quarter was 62 cents​.
    * The company reported quarterly net income of $142.18
million.
    * Keyera Corp shares had risen by 1.0% this quarter and
gained 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Keyera Corp is
C$39.00 
This summary was machine generated from LSEG data August 8 at
01:30 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
 Jun. 30 2024      0.79           1.19           Beat
 Mar. 31 2024      0.92           1.74           Beat
 Dec. 31 2023      0.93           1.01           Beat
 Sep. 30 2023      0.83           0.86           Beat