South Bow Corp reports results for the quarter ended June 30 - Earnings Summary

• South Bow Corp SOBO.TO reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended June 30. The mean expectation of eight analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 17 cents to 42 cents per share.

• Revenue was $524.00 million​; analysts expected $449.00 million.

• South Bow Corp's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $96 million.

• South Bow Corp shares had risen by 4.0% this quarter and gained 8.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of 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$35.50, about 4.1% below its last closing price of C$36.94

This summary was machine generated from LSEG data August 7 at 12:22 a.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)