Unlocking Q4 Potential of PBF Energy (PBF): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - PBF Energy is expected to report a significant quarterly loss and a decline in revenues, indicating challenging market conditions for the company [1]. Financial Performance - Analysts predict a quarterly loss of $2.46 per share, reflecting a 500% decline compared to the same period last year [1]. - Revenues are forecasted to be $7.25 billion, representing a year-over-year decrease of 20.7% [1]. - The consensus estimate for 'Revenues- Logistics' stands at $96.02 million, indicating a change of -0.8% from the year-ago quarter [5]. - The consensus for 'Revenues- Refining' is projected to reach $6.52 billion, showing a year-over-year change of -28.6% [5]. Refining Margins - The estimated 'Gross refining margin, excluding special items - Mid-Continent' is expected to be $6.09 per barrel, down from $6.94 per barrel in the same quarter last year [6]. - For the 'Gross refining margin, excluding special items - West Coast', the estimate is $6.43 per barrel, compared to $8.93 per barrel a year ago [6]. - The 'Gross refining margin, excluding special items - Gulf Coast' is projected at $4.39 per barrel, down from $10.89 per barrel last year [7]. - The 'Gross refining margin, excluding special items - East Coast' is expected to be $4.85 per barrel, compared to $11.29 per barrel in the previous year [7]. - The average prediction for 'Gross refining margin, excluding special items' is $5.58 per barrel, down from $9.88 per barrel a year ago [8]. Production Metrics - Analysts estimate 'Total Crude Oil and Feedstocks Throughput' to reach 79.32 MBBL, compared to 80.8 MBBL in the same quarter last year [8]. - The estimated 'Production - Gulf Coast' is 154.08 thousand barrels of oil per day, down from 175.8 thousand barrels per day in the previous year [9]. - For 'Production - Mid-Continent', the estimate is 147.36 thousand barrels per day, slightly up from 143 thousand barrels per day last year [10]. - 'Production - East Coast' is projected at 289.39 thousand barrels per day, down from 325.7 thousand barrels per day in the same quarter last year [10]. - The combined estimate for 'Production - Total' is 872.62 thousand barrels per day, compared to 884.9 thousand barrels per day a year ago [11]. Market Performance - PBF Energy shares have shown a return of -2.5% over the past month, contrasting with the Zacks S&P 500 composite's +4.2% change [12].