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

Vector

01/11/2023 23:04

* Vector Group Ltd  VGR.N  reported quarterly adjusted
earnings of
33 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 24 cents.  The mean expectation of two analysts for the
quarter was for earnings of 36 cents per share. 
    * Revenue fell 3.7% to $364.11 million from a year ago;
analysts
expected $387.50 million. 
    * Vector Group Ltd's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $52.7
million.
    * Vector Group Ltd shares had fallen by 3.4% this
quarter and
lost 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
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 November 1 at
11:04 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.36           0.33           Missed
 Jun. 30 2023      0.33           0.32           Missed
 Mar. 31 2023      0.29           0.22           Missed
 Dec. 31 2022      0.27           0.31           Beat