Crescent Point Energy Corp reports results for the quarter ended in June - Earnings Summary

Veren

26/07/2023 14:31

* Crescent Point Energy Corp  CPG.TO  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 41 cents per share.
    * Revenue fell 14.2% to C$841.80 million from a year ago;
analysts
expected C$938.55 million. 
    * Crescent Point Energy Corp's reported EPS for the quarter
was 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Crescent Point Energy Corp shares had risen by 16.7% this
quarter and gained 8.1% so far this year.
    * The company reported quarterly net income of C$212.3
million.
    * Wall Street's median 12-month price target for Crescent
Point
Energy Corp is C$13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.02           0.84           Missed
 Mar. 31 2023      0.94           0.86           Missed
 Dec. 31 2022      0.94           1.05           Beat
 Sep. 30 2022      1.05           1.14           Beat