Overview
Diversified holding company reported Q4 revenue rose, beating analyst expectations
Q4 adjusted EBITDA increased significantly compared to last year
Indicative net asset value decreased due to long position changes and interest expenses
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
INVESTMENT FUNDS - Positive performance from investment funds contributed to increased adjusted EBITDA
LONG POSITION DECREASE - Decrease in net asset value was mainly due to a $778 million reduction in CVI long position
INTEREST EXPENSES - Interest expenses contributed to the decrease in net asset value
Company press release: ID:nPn5jp7ZMa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $2.70 bln | $2.15 bln (1 Analyst) |
Q4 Net Income | Miss | $1 mln | $99 mln (1 Analyst) |
Q4 Net Asset Value | $3.20 bln |
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for Icahn Enterprises LP is $12.00, about 55.1% above its February 24 closing price of $7.74
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 25 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)