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

Vertex Energy

09/08/2023 14:33

* Vertex Energy Inc  VTNR.OQ  reported a quarterly adjusted
loss
of $1.03​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 28 cents per share.
    * Revenue fell 25.9% to $734.89 million from a year ago;
analysts
expected $707.74 million. 
    * Vertex Energy Inc's reported EPS for the quarter was a
loss of
$1.03​.
    * The mean earnings estimate of analysts had fallen by
about 224.5% in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Vertex Energy Inc shares had fallen by 21.1% this
quarter and
lost 20.5% so far this year.
    * The company reported a quarterly loss of $81.4 million.
    * Wall Street's median 12-month price target for Vertex
Energy Inc
is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.28          -1.03          Missed
 Mar. 31 2023      0.15           0.68           Beat
 Dec. 31 2022      0.40           0.71           Beat
 Sep. 30 2022      0.15           0.28           Beat