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

• Topaz Energy Corp TPZ.TO reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of three analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 9 cents to 10 cents per share.

• Revenue fell 0.7% to C$82.18 million from a year ago; analysts expected C$86.00 million.

• Topaz Energy Corp's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of C$4.43 million.

• Topaz Energy Corp shares had fallen by 8.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Topaz Energy Corp is C$32.00

This summary was machine generated from LSEG data February 25 at 11:11 p.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)