Vector Group Ltd reports results for the quarter ended in December - Earnings Summary

Vector

14/02/2024 14:31

* Vector Group Ltd  VGR.N  reported quarterly adjusted
earnings of
37 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 31 cents.  The mean expectation of two analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 26 cents to 38 cents per share.
    * Revenue fell 0.9% to $360.35 million from a year ago;
analysts
expected $357.60 million. 
    * Vector Group Ltd's reported EPS for the quarter was 37
cents​.
    * The company reported quarterly net income of $58 million.
    * Vector Group Ltd shares had fallen by 9.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the tobacco peer
group
is  "buy."

Wall Street's median 12-month price target for Vector Group Ltd
is $15.50 
This summary was machine generated from LSEG data February 14 at
02:30 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
 Dec. 31 2023      0.32           0.37           Beat
 Sep. 30 2023      0.36           0.33           Missed
 Jun. 30 2023      0.33           0.32           Missed
 Mar. 31 2023      0.29           0.22           Missed