Earnings Release: Here's Why Analysts Cut Their CVR Energy, Inc. Price Target To US$40.80 [Yahoo! Finance News]
CVR Energy Inc. (CVI)
US:NYSE Investor Relations:
investors.cvrenergy.com
Company Research
Source: Yahoo! Finance News
CVR Energy, Inc. NYSE:CVI See our latest analysis for CVR Energy Taking into account the latest results, the current consensus, from the three analysts covering CVR Energy, is for revenues of US$5.89b in 2020, which would reflect a discernible 7.4% reduction in CVR Energy's sales over the past 12 months. Statutory earnings per share are forecast to dive 43% to US$2.15 in the same period. Yet prior to the latest earnings, analysts had been forecasting revenues of US$6.12b and earnings per share EPS) of US$2.39 in 2020. It's pretty clear that analyst sentiment has fallen after the latest results, leading to lower revenue forecasts and a minor downgrade to earnings per share estimates. The consensus price target fell 5.6% to US$40.80, with the weaker earnings outlook clearly leading analyst valuation estimates. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest
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CVI
News
- CVR Energy Shares Gain as Carl Icahn Plans to Boost Stake [Yahoo! Finance]Yahoo! Finance
- Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half [Yahoo! Finance]Yahoo! Finance
- Icahn Enterprises Hits Rough Patch With Q3 Earnings Miss, Dividend Cut; Eyes Larger Stake In CVR Energy [Yahoo! Finance]Yahoo! Finance
- Thermon Group Sees Revenue Decline but New Orders Rise [Yahoo! Finance]Yahoo! Finance
- Halliburton Q3 2024 Financial Results Amid Challenges [Yahoo! Finance]Yahoo! Finance
CVI
Earnings
- 10/28/24 - Miss
CVI
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- CVI's page on the SEC website