While the top- and bottom-line numbers for PBF Energy (PBF) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PBF Energy (PBF) came out with a quarterly loss of $2.82 per share versus the Zacks Consensus Estimate of a loss of $2.68. This compares to loss of $0.41 per share a year ago.
PBF Energy posted a third consecutive quarterly loss on Thursday, as the U.S. refiner took a hit from a decline in margins.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for PBF Energy (PBF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
PBF Energy (PBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PBF Q3 earnings are affected by lower throughput volumes and a fall in refining margins, but reduced costs and expenses resulted in operational efficiency.
PBF Energy Inc. (PBF) Q3 2024 Earnings Call Transcript
PBF Energy (PBF) came out with a quarterly loss of $1.50 per share versus the Zacks Consensus Estimate of a loss of $1.40. This compares to earnings of $6.61 per share a year ago.
PBF Energy posted a bigger-than-expected third-quarter loss on Thursday as the U.S. refiner took a hit from weak fuel demand which shrunk refining margins.
Declining crack spreads have the potential to widen the quarterly loss for PBF. I expect this to be the second consecutive quarter PBF operates at a loss. Negative earnings significantly alter the typical valuation metrics and point to the deterioration of the "undervalued" thesis in the short term. Changes in valuation present near-term price risk, while the refinery markets navigate through general weakness.
PBF Energy (PBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades.