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

Paramount Resources (Pre-Merger)

02/05/2024 17:51

* Paramount Resources Ltd  POU.TO  reported quarterly
adjusted
earnings of 46 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of $1.33.  The mean expectation of two analysts for
the quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 51 cents to 77 cents per share.
    * Revenue was C$390.50 million​; analysts expected C$355.00
million. 
    * Paramount Resources Ltd's reported EPS for the quarter was
46
cents​.
    * The company reported quarterly net income of $68.1
million.
    * Paramount Resources Ltd shares had risen by 10.8% this
quarter and gained 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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$36.00 
This summary was machine generated from LSEG data May 2 at 04:51
p.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      1.24           1.35           Beat
 Dec. 31 2023      1.86           1.93           Beat
 Sep. 30 2023      1.60           1.45           Missed
 Jun. 30 2023      1.22           1.16           Missed