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

Vertex Energy

08/08/2024 14:32

* Vertex Energy Inc  VTNR.OQ  reported a quarterly adjusted
loss
of 58 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-1.03.  The mean expectation of four analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -22 cents to -3 cents per share.
    * Revenue rose 2.1% to $750.06 million from a year ago;
analysts
expected $726.32 million. 
    * Vertex Energy Inc's reported EPS for the quarter was a
loss
of 58 cents​.
    * The company reported a quarterly loss of $53.77 million.
    * Vertex Energy Inc shares had fallen by 30.7% this
quarter and
lost 80.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is  "hold."

Wall Street's median 12-month price target for Vertex Energy Inc
is $2.50 
This summary was machine generated from LSEG data August 8 at
01:32 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
 Jun. 30 2024      -0.13          -0.58          Missed
 Mar. 31 2024      -0.15          -0.19          Missed
 Dec. 31 2023      -0.14          -0.74          Missed
 Sep. 30 2023      0.14           0.17           Beat