Calumet Inc reports results for the quarter ended December 31 - Earnings Summary

• Calumet Inc CLMT.OQ reported a quarterly adjusted loss of 47 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -59 cents. The mean expectation of six analysts for the quarter was for a loss of 66 cents per share. Wall Street expected results to range from $-1.13 to -34 cents per share.

• Revenue fell 2.8% to $949.50 million from a year ago; analysts expected $921.76 million.

• Calumet Inc's reported EPS for the quarter was a loss of 47 cents​.

• The company reported a quarterly loss of $40.7 million.

• Calumet Inc shares had fallen by 32.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Calumet Inc is $27.50

This summary was machine generated from LSEG data February 28 at 02:31 p.m. UTC. ​All figures in US 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)