Paramount Resources Ltd expected to post earnings of C$1.04 a share - Earnings Preview

Paramount Resources (Pre-Merger)

01/03/2024 13:49

* Paramount Resources Ltd  POU.TO   is expected to show a
fall in
quarterly revenue when it reports  results on March 5
(estimated) for the period ending December 31 2023
    * The Calgary Alberta-based  company is expected to report a
28.1% decrease in revenue to C$369 million from C$513.2 million
a year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Paramount Resources Ltd
is for
earnings of C$1.04 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Paramount
Resources Ltd is C$35.00​, above​ its last closing price
of C$29.77. ​​​

This summary was machine generated March 1 at 13:49 GMT.  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)