Calumet Inc reports results for the quarter ended June 30 - Earnings Summary

• Calumet Inc CLMT.OQ reported a quarterly adjusted loss of $1.70​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -48 cents. The mean expectation of six analysts for the quarter was for a loss of 33 cents per share. Wall Street expected results to range from -69 cents to -5 cents per share.

• Revenue fell 9.4% to $1.03 billion from a year ago; analysts expected $925.20 million.

• Calumet Inc's reported EPS for the quarter was a loss of $1.70​.

• The company reported a quarterly loss of $147.9 million.

• Calumet Inc shares had fallen by 5.4% this quarter and lost 32.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.4% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "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 Calumet Inc is $17.00, about 12.3% above its last closing price of $14.91

This summary was machine generated from LSEG data August 8 at 03:00 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)