Par Pacific Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Par Pacific Holdings

05/11/2024 07:43

* Par Pacific Holdings Inc  PARR.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $3.15.  The mean expectation of seven analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -21 cents to 28 cents per share.
    * Revenue fell 16.9% to $2.14 billion from a year ago;
analysts
expected $1.89 billion. 
    * Par Pacific Holdings Inc's reported EPS for the quarter
was 13
cents​.
    * The company reported quarterly net income of $7.49
million.
    * Par Pacific Holdings Inc shares had fallen by 10.1% this
quarter and lost 56.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 108.5% in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "hold"

Wall Street's median 12-month price target for Par Pacific
Holdings Inc is 22.00 
This summary was machine generated from LSEG data November 5 at
07:43 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
 Sep. 30 2024      -0.06          -0.10          Missed
 Jun. 30 2024      0.17           0.49           Beat
 Mar. 31 2024      0.90           0.69           Missed
 Dec. 31 2023      1.06           1.08           Beat