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

Vertex Energy

09/05/2023 14:33

* Vertex Energy Inc  VTNR.OQ  reported quarterly adjusted
earnings
of 68 cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 15 cents per share.
    * Revenue rose 1,618.5% to $691.14 million from a year ago;
analysts expected $754.25 million. 
    * Vertex Energy Inc's reported EPS for the quarter was 68
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Vertex Energy Inc shares had fallen by 24.6% this
quarter and
gained 20.2% so far this year.
    * The company reported quarterly net income of $53.86
million.
    * Wall Street's median 12-month price target for Vertex
Energy Inc
is $15.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.24           -0.62          Missed