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

Keyera

14/05/2024 14:31

* Keyera Corp  KEY.TO  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 60
cents.  The mean expectation of six analysts for the quarter was
for earnings of 51 cents per share. Wall Street expected
results to range from 48 cents to 56 cents per share.
    * Revenue fell 15% to C$1.52 billion from a year ago;
analysts
expected C$1.77 billion. 
    * Keyera Corp's reported EPS for the quarter was 31 cents​.
    * The company reported quarterly net income of C$70.91
million.
    * Keyera Corp shares had risen by 1.4% this quarter and
gained 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.4%
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 7 "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$37.00 
This summary was machine generated from LSEG data May 14 at
01:31 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
 Mar. 31 2024      0.92           1.74           Beat
 Dec. 31 2023      0.93           1.01           Beat
 Sep. 30 2023      0.83           0.86           Beat
 Jun. 30 2023      0.92           1.03           Beat