KAR News: Karoon Energy Ltd (ASX:KAR) Just Released Its Annual Results And Analysts Are Updating Their Estimat - 28th Aug 2022, 8:19am

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It's been a pretty great week for Karoon Energy Ltd (ASX:KAR) shareholders, with its shares surging 12% to AU$2.13 in the week since its latest annual results. Revenues of US$385m beat expectations by a respectable 6.6%, although statutory losses per share increased. Karoon Energy lost US$0.12, which was 41% more than what the analysts had included in their models. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of t...

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