Calumet Full Year 2024 Earnings: EPS Beats Expectations
Calumet's full-year 2024 earnings surprise analysts, with revenue flat on FY 2023 and a net loss of $222.0m, down from a profit of $47.1m in FY 2023. The company's shares have declined 4.0% from a week ago, despite beating analyst estimates for EPS by 5.1%. Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years.
- This modest growth in revenue may not be enough to offset the challenges facing the American Oil and Gas industry, which is expected to experience a 4.1% growth forecast over the same period.
- What specific strategies or investments will Calumet make to drive this forecasted revenue growth and turn its fortunes around in the coming years?