MEG Energy Corp <MEG.TO> expected to post earnings of 68 cents a share - Earnings Preview
MEG Energy Corp MEG.TO is expected to show a fall in quarterly revenue when it reports results on May 6 for the period ending March 31 2025
The Calgary Alberta-based company is expected to report a 18.1% decrease in revenue to C$1.117 billion from C$1.36 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 68 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.
Wall Street's median 12-month price target for MEG Energy Corp is C$29.00, above its last closing price of C$19.83.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Dec. 31 2024 | 1.29 | 1.29 | 1.18 | Missed | -8.3 |
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 |
This summary was machine generated May 2 at 22:24 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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