Hess Q2 Adj. EPS $0.65 Beats $0.50 Estimate, Sales $2.32B Beat $2.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hess Corporation (NYSE:HES) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.50 by 30%. The company's quarterly sales were $2.32 billion, surpassing the analyst consensus estimate of $2.09 billion by 11%. However, both earnings and sales have decreased compared to the same period last year.
July 26, 2023 | 11:33 am
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Hess Corporation's Q2 earnings and sales exceeded analyst estimates, which could positively impact the stock price. However, the year-over-year decrease in earnings and sales might temper investor enthusiasm.
Hess Corporation's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the stock price. However, the reported decrease in earnings and sales compared to the same period last year could offset some of this positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100