Crescent Point Energy Q2 Adj. EPS $0.28 Misses $0.31 Estimate, Sales $706.90M Beat $690.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crescent Point Energy (NYSE:CPG) reported Q2 earnings of $0.28 per share, missing the analyst consensus estimate of $0.31 by 9.68%. This is a 24.32% decrease from the same period last year. However, the company beat sales estimates with $706.90 million, a 2.34% increase over the estimate of $690.74 million, but a 29.87% decrease from last year.
July 26, 2023 | 10:33 am
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NEGATIVE IMPACT
Crescent Point Energy's Q2 earnings missed estimates and decreased YoY, while sales beat estimates but also decreased YoY.
Crescent Point Energy's earnings miss and YoY decrease, along with the decrease in sales YoY despite beating estimates, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100