ONE Gas Q2 EPS $0.58 Misses $0.59 Estimate, Sales $398.11M Miss $453.93M Estimate
Portfolio Pulse from vinayak@benzinga.com
ONE Gas (NYSE:OGS) reported Q2 earnings of $0.58 per share, missing the analyst consensus estimate of $0.59 by 1.69%. The company's quarterly sales were $398.11 million, missing the analyst consensus estimate of $453.93 million by 12.30%. This represents a 1.69% decrease in earnings and a 7.19% decrease in sales compared to the same period last year.
July 31, 2023 | 8:47 pm
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NEGATIVE IMPACT
ONE Gas missed Q2 earnings and sales estimates. This could negatively impact the company's stock in the short term.
ONE Gas reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability or lower profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100