Par Pacific Holdings Inc reports results for the quarter ended in January - Earnings Summary

Par Pacific Holdings

07/05/2024 11:15

* Par Pacific Holdings Inc  PARR.N  reported quarterly
adjusted
earnings of 69 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of $2.25.  The mean expectation of six analysts for
the quarter was for earnings of 90 cents per share. Wall Street
expected results to range from 70 cents to $1.42 per share.
    * Revenue rose 17.5% to $1.98 billion from a year ago;
analysts
expected $1.90 billion. 
    * Par Pacific Holdings Inc's reported EPS for the quarter
was a
loss of 6 cents​.
    * The company reported a quarterly loss of $3.75 million.
    * Par Pacific Holdings Inc shares had fallen by 18.2% this
quarter and lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.4%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "buy"

Wall Street's median 12-month price target for Par Pacific
Holdings Inc is $42.50 
This summary was machine generated from LSEG data May 7 at 10:15
a.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
 Mar. 31 2024      0.90           0.69           Missed
 Dec. 31 2023      1.06           1.08           Beat
 Sep. 30 2023      3.11           3.15           Beat
 Jun. 30 2023      1.21           1.73           Beat