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

Parex Resources

03/11/2022 23:15

* Parex Resources Inc  PXT.TO  reported quarterly adjusted
earnings of 59 cents​​ per share for the quarter ended in
September. The lone analyst forecast for the quarter was
for earnings of $1.30 per share.
    * Revenue rose 40.1% to $323.29 million from a year ago. 
    * Parex Resources Inc's reported EPS for the quarter was 59
cents​.
    * The mean earnings estimate of analysts had fallen by
about 20.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Parex Resources Inc shares had risen by 6.5% this
quarter and
lost 0.6% so far this year.
    * The company reported quarterly net income of $65.63
million.
    * Wall Street's median 12-month price target for Parex
Resources
Inc is C$35.00 
    * 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 Refinitiv data November
3 at 11:15 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.82           2.24           Beat
 Jun. 30 2022      2.03           2.12           Beat
 Mar. 31 2022      1.69           1.61           Missed
 Dec. 31 2021      1.44           1.46           Beat