Icahn Enterprises LP reports results for the quarter ended June 30 - Earnings Summary

• Icahn Enterprises LP IEP.OQ reported a quarterly adjusted loss of 30 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -72 cents. The lone analyst forecast for the quarter was for earnings of 14 cents per share.

• Revenue fell 9.3% to $2.14 billion from a year ago; analysts expected $2.03 billion.

• Icahn Enterprises LP's reported EPS for the quarter was a loss of 30 cents​.

• The company reported a quarterly loss of $162 million.

• Icahn Enterprises LP shares had risen by 11.6% this quarter and gained 3.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "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 "buy."

• Wall Street's median 12-month price target for Icahn Enterprises LP is $12.00, about 25.2% above its last closing price of $8.98

This summary was machine generated from LSEG data August 4 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)