NASDAQ:IEP
Icahn Enterprises Stock Earnings Reports
$9.88
+0.100 (+1.02%)
At Close: Feb 12, 2025
Icahn Enterprises Earnings Calls
Q4 2024
(Upcoming)
Release date | Feb 26, 2025 |
EPS estimate | $0.170 |
EPS actual | - |
Revenue estimate | 2.271B |
Revenue actual | - |
Expected change | +/- 6.54% |
Q3 2024
Missed
$0.0500 (-76.19%)
Release date | Nov 08, 2024 |
EPS estimate | $0.210 |
EPS actual | $0.0500 |
EPS Surprise | -76.19% |
Revenue estimate | 2.689B |
Revenue actual | 2.221B |
Revenue Surprise | -17.40% |
Q2 2024
Missed
-$0.720 (-478.95%)
Release date | Aug 07, 2024 |
EPS estimate | $0.190 |
EPS actual | -$0.720 |
EPS Surprise | -478.95% |
Revenue estimate | 2.242B |
Revenue actual | 2.642B |
Revenue Surprise | 17.84% |
Q1 2024
Missed
-$0.0900 (-136.00%)
Release date | May 08, 2024 |
EPS estimate | $0.250 |
EPS actual | -$0.0900 |
EPS Surprise | -136.00% |
Revenue estimate | 2.793B |
Revenue actual | 2.238B |
Revenue Surprise | -19.87% |
Last 4 Quarters for Icahn Enterprises
Below you can see how IEP performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
Release date | May 08, 2024 |
Fiscal end date | Mar 31, 2024 |
Price on release | $18.56 |
EPS estimate | $0.250 |
EPS actual | -$0.0900 |
EPS surprise | -136.00% |
Date | Price |
---|---|
May 02, 2024 | $17.34 |
May 03, 2024 | $17.35 |
May 06, 2024 | $17.36 |
May 07, 2024 | $17.17 |
May 08, 2024 | $18.56 |
May 09, 2024 | $18.03 |
May 10, 2024 | $17.98 |
May 13, 2024 | $18.37 |
May 14, 2024 | $18.59 |
4 days before | 7.04% |
4 days after | 0.162% |
On release day | -2.86% |
Change in period | 7.21% |
Q2 2024
Missed
Release date | Aug 07, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $16.00 |
EPS estimate | $0.190 |
EPS actual | -$0.720 |
EPS surprise | -478.95% |
Date | Price |
---|---|
Aug 01, 2024 | $17.52 |
Aug 02, 2024 | $17.10 |
Aug 05, 2024 | $16.37 |
Aug 06, 2024 | $16.74 |
Aug 07, 2024 | $16.00 |
Aug 08, 2024 | $15.91 |
Aug 09, 2024 | $16.10 |
Aug 12, 2024 | $16.52 |
Aug 13, 2024 | $16.51 |
4 days before | -8.68% |
4 days after | 3.19% |
On release day | -0.563% |
Change in period | -5.76% |
Q3 2024
Missed
Release date | Nov 08, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $12.10 |
EPS estimate | $0.210 |
EPS actual | $0.0500 |
EPS surprise | -76.19% |
Date | Price |
---|---|
Nov 04, 2024 | $12.14 |
Nov 05, 2024 | $12.43 |
Nov 06, 2024 | $13.20 |
Nov 07, 2024 | $12.89 |
Nov 08, 2024 | $12.10 |
Nov 11, 2024 | $12.87 |
Nov 12, 2024 | $12.58 |
Nov 13, 2024 | $12.43 |
Nov 14, 2024 | $12.56 |
4 days before | -0.329% |
4 days after | 3.80% |
On release day | 6.36% |
Change in period | 3.46% |
Q4 2024
(Upcoming)
Release date | Feb 26, 2025 |
Fiscal end date | Dec 30, 2024 |
Price on release | - |
EPS estimate | $0.170 |
EPS actual | - |
Date | Price |
---|---|
Feb 06, 2025 | $9.76 |
Feb 07, 2025 | $9.65 |
Feb 10, 2025 | $9.65 |
Feb 11, 2025 | $9.78 |
Feb 12, 2025 | $9.88 |
Icahn Enterprises Earnings Call Transcript Summary of Q3 2024
- Investment Funds: Achieved an 8% return in the quarter primarily from healthcare investments and refining hedges, but overall losses were driven by market hedges.
- Cash Reserves: Company ended Q3 with $1.6 billion in cash at the holding company and $800 million in cash at the funds.
Segment Performance
- Energy Segment: EBITDA fell to a negative $38 million from $347 million in Q3 2023, mainly due to power outages and lower refining margins, which drastically dropped to $2.53 per barrel from $31.05.
- Automotive Services: Net sales decreased by $70 million, attributed to management challenges and lower customer spending. Management changes were implemented, showing early signs of improvement.
- Real Estate & Other Segments: Adjusted EBITDA saw declines, though efforts are underway to sell valuable land in Nashville, potentially for a profit better than the current book value.
- Food Packaging: Experienced a reduction in EBITDA due to a mix shift towards lower-margin products, and CapEx is needed for modernization.
Dividend Adjustments
- Quarterly Distribution: Reduced from $1.00 to $0.50 per unit to prioritize liquidity and allow for potential investments, like the proposed tender offer for additional CVR shares.
Future Outlook
- The management retains confidence in the long-term performance of CVR Energy, despite current market pressures, with hopes for a turnaround cycle.
- Focus on maximizing asset value and maintaining liquidity for future opportunities.
- Emphasis on turning around the underperforming segments, particularly in automotive services, through improved management and operational adjustments.
Key Takeaways for Investors
- Liquidity Position: Strong cash reserves provide flexibility for investments and operational management.
- Management Changes: Recent leadership adjustments aim to improve underperforming segments, increasing future performance potential.
- Cautious Optimism: Despite current challenges in some sectors, there are strategic plans in place to unlock value and generate returns for unitholders.
Investors should monitor the effectiveness of management changes in automotive services and the overall market conditions influencing CVR Energy and other segments moving forward.
Icahn Enterprises Earnings History
Earnings Calendar
FAQ
When is the earnings report for IEP?
Icahn Enterprises (IEP) has scheduled its earnings report for Feb 26, 2025 before the markets open.
What is the IEP price-to-earnings (P/E) ratio?
IEP P/E ratio as of Feb 12, 2025 (TTM) is -10.37.
What is the IEP EPS forecast?
The forecasted EPS (Earnings Per Share) for Icahn Enterprises (IEP) for the first fiscal quarter 2024 is $0.170.
What are Icahn Enterprises's retained earnings?
On its balance sheet, Icahn Enterprises reported retained earnings of $2.22 billion for the latest quarter ending Sep 30, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.