MEG Energy Corp <MEG.TO> expected to post earnings of 60 cents a share - Earnings Preview
MEG Energy Corp MEG.TO is expected to show a fall in quarterly revenue when it reports results on February 27 for the period ending December 31 2024
The Calgary Alberta-based company is expected to report a 6.0% decrease in revenue to C$1.358 billion from C$1.44 billion a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
LSEG's mean analyst estimate for MEG Energy Corp is for earnings of 60 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for MEG Energy Corp is C$32.50, above its last closing price of C$22.55.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 1.33 | 1.39 | 2.03 | Beat | 45.6 |
Jun. 30 2024 | 1.34 | 1.39 | 0.98 | Missed | -29.7 |
Mar. 31 2024 | 1.19 | 1.19 | 1.15 | Missed | -3.4 |
Dec. 31 2023 | 1.26 | 1.27 | 1.90 | Beat | 49.6 |
Sep. 30 2023 | 1.65 | 1.62 | 1.15 | Missed | -29.2 |
Jun. 30 2023 | 0.94 | 0.98 | 0.84 | Missed | -14.5 |
Mar. 31 2023 | 0.92 | 0.93 | 0.80 | Missed | -14.3 |
Dec. 31 2022 | 1.30 | 1.48 | 1.75 | Beat | 18.2 |
This summary was machine generated February 25 at 21:12 GMT. 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)
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