Parkland Corp reports results for the quarter ended in September 30 - Earnings Summary

Parkland

31/10/2024 02:55

* Parkland Corp  PKI.TO  reported quarterly adjusted
earnings of
52 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of C$1.28.  The mean expectation of seven analysts for the
quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 60 cents to 94 cents per share.
    * Revenue fell 19.7% to C$7.13 billion from a year ago;
analysts
expected C$7.57 billion. 
    * Parkland Corp's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $91 million.
    * Parkland Corp shares had fallen by 3.6% this quarter and
lost 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.7%
in the last three months.​ 
    * In the last 30 days, five 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," 1
"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
49.00 
This summary was machine generated from LSEG data October 31 at
02:54 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
 Sep. 30 2024      3.33           2.30           Missed
 Jun. 30 2024      3.66           2.53           Missed
 Mar. 31 2024      2.23           1.24           Missed
 Dec. 31 2023      2.27           2.34           Beat