Baytex Energy (BTE) Q1 Earnings Lag Estimates

Core Viewpoint - Baytex Energy reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of$ 0.10 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of -40% [1] Financial Performance - The company posted revenues of$ 695.95 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.24%, but down from $730.06 million year-over-year [2] - Over the last four quarters, Baytex has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] Stock Performance - Baytex shares have declined approximately 36.4% since the beginning of the year, while the S&P 500 has only declined by -3.3% [3] - The current Zacks Rank for Baytex is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.09 on revenues of $652.96 million, and for the current fiscal year, it is$ 0.33 on revenues of $2.64 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Oil and Gas - Exploration and Production - Canadian industry is currently in the bottom 40% of the Zacks industry rankings, suggesting potential challenges for companies within this sector [8]