Golar LNG Ltd reports results for the quarter ended March 31 - Earnings Summary

• Golar LNG Ltd GLNG.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of five analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 15 cents to 22 cents per share.

• Revenue fell 3.8% to $62.50 million from a year ago; analysts expected $66.74 million.

• Golar LNG Ltd's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $8.2 million.

• Golar LNG Ltd shares had fallen by 0.7% this quarter and lost 10.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.4% 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 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

• Wall Street's median 12-month price target for Golar LNG Ltd is $45.00

This summary was machine generated from LSEG data May 27 at 01:31 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)