Calumet Specialty Products Partn (NASDAQ: CLMT) has reported a loss for its third fiscal quarter (ending September 30) of $-1.18 versus $1.22 for the same period a year ago — a decline of -197%. This result fell short of the consensus estimate of $-0.86 by $-0.32. For the latest four quarters through September 30, E.P.S. were $-2.80 versus $0.32 for the same period a year ago — a decline of -975%.
Recent Price Action
On 11/8/24, Calumet Specialty Products Partn (NASDAQ: CLMT) stock enjoyed a very large increase of 9.8%, closing at $22.24. Moreover, this advance was accompanied by unusually high trading volume at 178% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
CLMT is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Calumet Specialty Products Partn is currently unrated.
Rating Review
The stock is currently unrated.
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