Parkland Corp reports results for the quarter ended in June - Earnings Summary

Parkland

01/08/2024 01:31

* Parkland Corp  PKI.TO  reported quarterly adjusted
earnings of
39 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 90 cents per share. Wall Street expected
results to range from 80 cents to $1.05 per share.
    * Revenue fell 4% to $7.50 billion from a year ago; analysts
expected $7.65 billion. 
    * Parkland Corp's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of C$70 million.
    * Parkland Corp shares had risen by 0.3% this quarter and
lost 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 88.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "buy"

Wall Street's median 12-month price target for Parkland Corp is
C$53.00 
This summary was machine generated from LSEG data August 1 at
12:31 a.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
 Jun. 30 2024      3.66           2.53           Missed
 Mar. 31 2024      2.23                          
 Dec. 31 2023      2.27                          
 Sep. 30 2023      2.15