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

Vertex Energy

09/05/2024 14:52

* Vertex Energy Inc  VTNR.OQ  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 68 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -35 cents to 3 cents per share.
    * Revenue rose 0.6% to $695.33 million from a year ago;
analysts
expected $690.82 million. 
    * Vertex Energy Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $17.73 million.
    * Vertex Energy Inc shares had fallen by 1.4% this
quarter and
lost 59.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 450%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * Wall Street's median 12-month price target for Vertex
Energy Inc
is $2.75 

This summary was machine generated from LSEG data May 9 at 01:52
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
 Mar. 31 2024      -0.15          -0.19          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