Vertex Energy Inc reports results for the quarter ended in December - Earnings Summary

Vertex Energy

28/02/2024 14:51

* Vertex Energy Inc  VTNR.OQ  reported a quarterly adjusted
loss
of 74 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 71 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -24 cents to 6 cents per share.
    * Revenue fell 16.4% to $732.75 million from a year ago;
analysts
expected $733.07 million. 
    * Vertex Energy Inc's reported EPS for the quarter was a
loss
of 74 cents​.
    * The company reported a quarterly loss of $63.79 million.
    * Vertex Energy Inc shares had fallen by 50.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 318.1% 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "hold"

Wall Street's median 12-month price target for Vertex Energy Inc
is $4.00 
This summary was machine generated from LSEG data February 28 at
02:49 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
 Dec. 31 2023      -0.14          -0.74          Missed
 Sep. 30 2023      0.14           0.17           Beat
 Jun. 30 2023      -0.28          -1.03          Missed
 Mar. 31 2023      0.15           0.68           Beat