Earnings Outlook for Calumet Specialty
Portfolio Pulse from Benzinga Insights
Calumet Specialty (NASDAQ:CLMT) is set to release its Q1 earnings on May 07. Analysts predict a loss of $0.62 per share on $492.52 million in revenue, a significant drop from last year's $0.28 EPS and $692.60 million revenue. The stock has risen 218.09% over the past year.
May 06, 2021 | 2:12 pm
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Calumet Specialty is expected to report a significant drop in EPS and revenue for Q1, with analysts predicting a $0.62 loss per share on $492.52 million revenue. This contrasts with last year's $0.28 EPS and $692.60 million revenue. The stock has performed well over the past year, rising 218.09%.
The expected significant drop in EPS and revenue compared to last year suggests a negative short-term impact on the stock price. However, the stock's strong performance over the past year may cushion the impact. The earnings call could also influence the stock's movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100