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

Vector

01/08/2024 24:07

* Vector Group Ltd  VGR.N  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 32
cents.  The lone analyst forecast for the quarter was
for earnings of 30 cents per share. 
    * Revenue rose 1.7% to $371.91 million from a year ago;
analysts
expected $362.90 million. 
    * Vector Group Ltd shares had risen by 21.9% this
quarter and
gained 14.3% so far this year.

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 July 31 at
11:06 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
 Jun. 30 2024      0.30           0.34           Beat
 Mar. 31 2024      0.25           0.22           Missed
 Dec. 31 2023      0.32           0.37           Beat
 Sep. 30 2023      0.36           0.33           Missed