Benzinga | Jul 28, 2021 10:40AM EDT

Earnings Preview For PBF Logistics

On Thursday, July 29, PBF Logistics (NYSE:PBFX) will release its latest earnings report. Benzinga's outlook for PBF Logistics is included in the following report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see PBF Logistics reporting earnings of $0.54 per share on sales of $87.08 million. PBF Logistics reported a profit of $0.62 per share when it published results during the same quarter last year. Sales in that period totaled $89.13 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be down 12.9%. Revenue would have fallen 2.3% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.49 0.54 0.56 0.48EPS Actual 0.61 0.50 0.58 0.62Revenue Estimate 85.42 M 87.18 M 90.85 M 89.45 MRevenue Actual 87.50 M 89.09 M 89.01 M 89.13 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of PBF Logistics were trading at $13.43 as of July 27. Over the last 52-week period, shares are up 39.03%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. PBF Logistics is scheduled to hold the call at 11:00:00 ET and can be accessed here.