Baytex Energy Corp reports results for the quarter ended December 31 - Earnings Summary

Reuters
05 Mar
Baytex Energy Corp reports results for the quarter ended December 31 - Earnings Summary
  • Baytex Energy Corp BTE.TO reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -75 cents. The mean expectation of four analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 5 cents to 17 cents per share.

  • Revenue rose 21.5% to C$1.02 billion from a year ago; analysts expected C$1.01 billion.

  • Baytex Energy Corp's reported EPS for the quarter was a loss of 5 cents​.

  • The company reported a quarterly loss of C$38.48 million.

  • Baytex Energy Corp shares had fallen by 19.4% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 15.9% 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 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the oil & gas exploration and production peer group is "hold."

Wall Street's median 12-month price target for Baytex Energy Corp is C$5.50

This summary was machine generated from LSEG data March 5 at 04:55 a.m. UTC. ​All figures in Canadian 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 2024

0.10

-0.05

Missed

Sep. 30 2024

0.32

0.23

Missed

Jun. 30 2024

0.16

0.13

Missed

Mar. 31 2024

0.12

-0.02

Missed

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