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

• South Bow Corp SOBO.TO reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended March 31. The mean expectation of nine analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 20 cents to 47 cents per share.

• Revenue was $498.00 million​; analysts expected $527.00 million.

• South Bow Corp's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $88 million.

• South Bow Corp shares had fallen by 2.1% this quarter and gained 6.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.2% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is "buy."

• Wall Street's median 12-month price target for South Bow Corp is C$35.00

This summary was machine generated from LSEG data May 15 at 09:39 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)