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

Veren

10/05/2024 15:45

* Crescent Point Energy Corp  CPG.TO  reported a quarterly
adjusted loss of 66 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 39 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 37 cents per
share. Wall Street expected results to range from 28 cents to 46
cents per share.
    * Revenue fell 4% to C$797.70 million from a year ago;
analysts
expected C$986.79 million. 
    * Crescent Point Energy Corp's reported EPS for the quarter
was a
loss of 66 cents​.
    * The company reported a quarterly loss of C$411.7 million.
    * Crescent Point Energy Corp shares had risen by 8.6% this
quarter and gained 30.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Crescent Point
Energy Corp is C$14.00 
This summary was machine generated from LSEG data May 10 at
02:45 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      0.86           0.66           Missed
 Dec. 31 2023      0.98           1.08           Beat
 Sep. 30 2023      1.24           1.21           Missed
 Jun. 30 2023      1.01           0.84           Missed