Nuvista Energy Ltd reports results for the quarter ended in June - Earnings Summary

NuVista Energy

08/08/2024 23:25

* Nuvista Energy Ltd  NVA.TO  reported quarterly adjusted
earnings
of 53 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 39 cents.  The mean expectation of two analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 35 cents to 49 cents per share.
    * Revenue rose 14.6% to $323.35 million from a year ago;
analysts
expected $290.00 million. 
    * Nuvista Energy Ltd's reported EPS for the quarter was 53
cents​.
    * The company reported quarterly net income of C$110.97
million.
    * Nuvista Energy Ltd shares had fallen by 13.4% this
quarter and
gained 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
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," 4
"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 Nuvista Energy
Ltd is C$17.00 
This summary was machine generated from LSEG data August 8 at
10:25 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
 Jan. 1 0001       0.71           0.79           Beat
 Mar. 31 2024      0.63           0.70           Beat
 Dec. 31 2023      0.88           0.98           Beat
 Sep. 30 2023      0.83           0.73           Missed