CVI

SUGAR LAND, Texas, Nov. 24, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that Company management is scheduled to present at the Bank of America 2020 Leveraged Finance Virtual Conference on Tuesday, Dec. 1, at 9 a.m. Eastern. The accompanying slides and a link to the live webcast will be available on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com. An archive of this webcast will remain available on www.CVREnergy.com for 90 days. About CVR Energy, Inc. Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the petroleum refining and marketing business through its interest in CVR Refining and the nitrogen fertilizer manufacturing business through its interest in CVR Partners, LP. CVR Energy subsidiaries serve as the general partner and own 35 percent of the common units of CVR Partners.For further information, please contact: Investor Relations: Richard Roberts CVR Energy, Inc. (281) 207-3205 InvestorRelations@CVREnergy.comMedia Relations: Brandee Stephens                         CVR Energy, Inc. (281) 207-3516 MediaRelations@CVREnergy.com

Nearly 10% of U.S. refining capacity is offline due to low demand, plant repurposing or extended turnarounds, and many companies believe it is still not enough to support refining margins,

Slammed by weakened fuel demand during the pandemic, shares of U.S. oil refiners are skyrocketing after Pfizer announced it had developed a COVID-19 vaccine that was more than 90% effective.[[VLO]]

As you might know, CVR Energy, Inc. (NYSE:CVI) last week released its latest third-quarter, and things did not turn...

NEW YORK, NY / ACCESSWIRE / November 3, 2020 / CVR Energy, Inc.

CVR Energy (CVI): Q3 Non-GAAP EPS of -0.57, GAAP EPS of -$0.96 misses by $0.42.Revenue of $1B (-38.3% Y/Y) misses by $130M.Press Release

CVR Energy (NYSE: CVI) announces its next round of earnings this Monday, November 02. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.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 Analysts covering CVR Energy have modeled for quarterly EPS loss of $0.49 on revenue of $1.13 billion. CVR Energy earnings in the same period a year ago was $1.18 per share. Quarterly sales came in at $1.62 billion.Why Analyst Estimates And Earnings Surprises Are Important Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.View more earnings on CVIThe Wall Street consensus estimate for earnings would represent a 141.53% decrease for the company. Sales would be down 30.33% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019 EPS Estimate -0.42 -0.53 0.54 0.78 EPS Actual -0.44 -0.09 0.44 1.18 Revenue Estimate 890.36 M 1.08 B 1.62 B 1.61 B Revenue Actual 675.00 M 1.13 B 1.57 B 1.62 B Stock Performance Over the past 52-week period, shares of CVR Energy have declined 77.61%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.Do not be surprised to see the stock move on comments made during its conference call. CVR Energy is scheduled to hold the call at 13:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Lows On Thursday * Stocks That Hit 52-Week Lows On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.