Veren Inc expected to post earnings of 37 cents a share - Earnings Preview

Veren

23/07/2024 16:13

* Veren Inc  VRN.TO   is expected to show a rise in
quarterly
revenue when it reports  results on July 25 for the period
ending June 30 2024
    * The Calgary Alberta-based  company is expected to report a
23.5% increase in revenue to C$1.04 billion from C$841.8 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Veren Inc is for
earnings of
37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Veren Inc
is
C$15.00​, above​ its last closing price of C$10.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.86        0.86       0.66      Missed  -23.7
 Dec. 31 0001  0.98        0.98       1.08      Beat    10.7
 Sep. 30 2023  1.26        1.24       1.21      Missed  -2.7​
 Jun. 30 2023  0.96        1.01       0.84      Missed  -17.2
 ​​Mar.        0.93        0.94       0.86      Missed  -8.9
 31 2023                                                
 Dec. 31 2022  0.93        0.94       1.05      Beat    12​
 Sep. 30 2022  0.99        1.05       1.14      Beat    8.3
 Jun. 30 2022  1.00        1.00       0.92      Missed  -7.7
 This summary was machine generated July 23 at 15:13 GMT.  All
figures in Canadian 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)