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

• Keyera Corp KEY.TO reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of seven analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 44 cents to 57 cents per share.

• Revenue rose 15.8% to C$1.76 billion from a year ago; analysts expected C$1.78 billion.

• Keyera Corp's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of C$130.34 million.

• Keyera Corp shares had fallen by 1.0% this quarter and gained 0.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.9% in the last three months.​

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

RECOMMENDATIONS

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

• Wall Street's median 12-month price target for Keyera Corp is C$46.00

This summary was machine generated from LSEG data May 15 at 01:31 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)