Parkland Corp reports results for the quarter ended March 31 - Earnings Summary

• Parkland Corp PKI.TO reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of six analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 19 cents to 42 cents per share.

• Revenue fell 1.8% to C$6.81 billion from a year ago; analysts expected C$6.90 billion.

• Parkland Corp's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of C$64 million.

• Parkland Corp shares had risen by 0.7% this quarter and gained 11.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "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 Parkland Corp is C$44.50

This summary was machine generated from LSEG data May 5 at 11:00 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)