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

Superior Plus

14/08/2024 24:04

* Superior Plus Corp  SPB.TO  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -21 cents.  The mean expectation of five analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -17 cents to -14 cents per share.
    * Revenue fell 27.3% to C$422.90 million from a year ago;
analysts
expected $530.90 million. 
    * The company reported a quarterly loss of C$50 million.
    * Superior Plus Corp shares had fallen by 12.5% this
quarter and
lost 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for Superior Plus
Corp is C$12.00 
This summary was machine generated from LSEG data August 13 at
11:03 p.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      -0.16          -0.20          Missed
 Mar. 31 2024      0.39           0.30           Missed
 Dec. 31 2023      0.28           0.27           Missed
 Sep. 30 2023      -0.26          -0.46          Missed