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

Superior Plus

14/05/2024 22:02

* Superior Plus Corp  SPB.TO  reported quarterly adjusted
earnings
of 30 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 63 cents.  The mean expectation of five analysts for the
quarter was for earnings of 39 cents per share. Wall Street
expected results to range from 32 cents to 52 cents per share.
    * Revenue fell 28.5% to $897.70 million from a year ago;
analysts
expected $999.85 million. 
    * Superior Plus Corp's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $85.2
million.
    * Superior Plus Corp shares had fallen by 6.0% this
quarter and
lost 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"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$13.00 
This summary was machine generated from LSEG data May 14 at
09:01 p.m. UTC. ​All figures in US 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      0.39           0.30           Missed
 Dec. 31 2023      0.28           0.27           Missed
 Sep. 30 2023      -0.26          -0.46          Missed
 Jun. 30 2023      -0.25          -0.21          Beat