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

Parkland

02/05/2024 12:33

* Parkland Corp  PKI.TO  reported quarterly adjusted
earnings of
25 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 43
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 3 cents per share. Wall Street expected
results to range from -9 cents to 14 cents per share.
    * Revenue fell 14.9% to C$6.94 billion from a year ago;
analysts
expected C$8.04 billion. 
    * Parkland Corp's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of C$5 million.
    * Parkland Corp shares had fallen by 1.3% this quarter and
lost 0.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.5%
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$53.50 
This summary was machine generated from LSEG data May 2 at 11:33
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
 Mar. 31 2024      2.23           1.24           Missed
 Dec. 31 2023      2.27           2.34           Beat
 Sep. 30 2023      2.15           2.46           Beat
 Jun. 30 2023      2.51           2.93           Beat