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Market Overview

Earnings Outlook for Calumet Specialty

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Calumet Specialty (NASDAQ:CLMT) will be releasing its next round of earnings this Friday, May 07. For all of the relevant information, here is your guide for Friday's Q1 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts are predicting Calumet Specialty will report a loss of $0.62 per share on revenue of $492.52 million. In the same quarter last year, Calumet Specialty reported earnings per share of $0.28 on sales of $692.60 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Friday, EPS would have fallen 321.43%. Revenue would have fallen 28.89% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020
EPS Estimate -0.79 -0.38 -0.22 -0.18
EPS Actual -0.89 -0.49 -0.25 0.28
Revenue Estimate 488.34 M 531.73 M 462.41 M 659.44 M
Revenue Actual 553.90 M 568.00 M 453.70 M 692.60 M

eps graph

Stock Performance

Over the last 52-week period, shares are up 218.09%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Calumet Specialty is scheduled to hold the call at 09:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings