Parex Resources Inc reports results for the quarter ended in March - Earnings Summary

Parex Resources

11/05/2023 01:01

* Parex Resources Inc  PXT.TO  reported quarterly adjusted
earnings of 96 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 91 cents per share.
    * Revenue fell 18% to $271.10 million from a year ago;
analysts
expected $404.40 million. 
    * Parex Resources Inc's reported EPS for the quarter was 96
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Parex Resources Inc shares had risen by 12.3% this
quarter and
gained 40.1% so far this year.
    * The company reported quarterly net income of $104.38
million.
    * Wall Street's median 12-month price target for Parex
Resources
Inc is C$33.68 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
11 at 12:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.42           1.21           Missed
 Dec. 31 2022      1.95                          
 Sep. 30 2022      1.82           2.24           Beat
 Jun. 30 2022      2.03           2.12           Beat