Parex Resources Inc expected to post earnings of 91  cents a share - Earnings Preview

Parex Resources

09/05/2023 24:45

* Parex Resources Inc  PXT.TO   is expected to show a rise
in
quarterly revenue when it reports  results on May 10. 
    * The Calgary Alberta-based  company is expected to report 
a
22.4% increase in revenue to $404.4 million from $330.47 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Parex Resources Inc
is
for earnings of 91 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 Parex
Resources
Inc is C$33.68​, above​ its last closing price of C$27.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.77        1.95                         
 Sep. 30 2022  1.82        1.82       2.24      Beat    23.1
 Jun. 30 2022  2.03        2.03       2.12      Beat    4.4​
 Mar. 31 2022  1.70        1.69       1.61      Missed  -4.7
 ​​Dec.        1.47        1.44       1.46      Beat    1.1
 31 2021                                                
 Sep. 30 2021  1.22        1.23       0.96      Missed  -21.8​
 Jun. 30 2021  1.04        1.04       0.87      Missed  -16.5
 Mar. 31 2021  0.96        0.95       0.98      Beat    2.8
 This summary was machine generated May 8 at 23:45 GMT.  All
figures in US dollars  unless otherwise stated