Paramount Resources Ltd reports results for the quarter ended in September 30 - Earnings Summary

Paramount Resources (Pre-Merger)

07/11/2024 14:30

* Paramount Resources Ltd  POU.TO  reported quarterly
adjusted
earnings of 64 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 59 cents.  The mean expectation of two analysts
for the quarter was for earnings of 47 cents per share. Wall
Street expected results to range from 31 cents to 62 cents per
share.
    * Revenue was C$358.40 million​; analysts expected C$403.00
million. 
    * Paramount Resources Ltd's reported EPS for the quarter was
64
cents​.
    * The company reported quarterly net income of $95.8
million.
    * Paramount Resources Ltd shares had risen by 3.0% this
quarter and gained 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 38.00 
This summary was machine generated from LSEG data November 7 at
02:29 p.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
 Sep. 30 2024      1.39           1.38           Missed
 Jun. 30 2024      1.46           1.47           Beat
 Mar. 31 2024      1.24           1.35           Beat
 Dec. 31 2023      1.86           1.93           Beat