Paramount Resources Ltd reports results for the quarter ended in December - Earnings Summary

Paramount Resources (Pre-Merger)

07/03/2024 06:38

* Paramount Resources Ltd  POU.TO  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of C$1.76.  The lone analyst forecast for
the quarter was for earnings of C$1.04 per share. 
    * Revenue fell 21.7% to C$401.70 million from a year ago;
analysts
expected C$369.00 million. 
    * Paramount Resources Ltd's reported EPS for the quarter was
75
cents​.
    * The company reported quarterly net income of C$112
million.
    * Paramount Resources Ltd shares had risen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Paramount
Resources Ltd is C$33.00 
This summary was machine generated from LSEG data March 7 at
06:37 a.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
 Dec. 31 2023      1.86           1.93           Beat
 Sep. 30 2023      1.60           1.45           Missed
 Jun. 30 2023      1.22           1.16           Missed
 Mar. 31 2023      1.84           1.83           Missed