Vitesse Energy Q2 Adj EPS $0.35 Misses $0.53 Estimate, Sales $51.59M Miss $58.90M Estimate
Portfolio Pulse from sunil@benzinga.com
Vitesse Energy (NYSE:VTS) reported Q2 earnings of $0.35 per share, missing the analyst consensus estimate of $0.53 by 33.96%. The company also reported quarterly sales of $51.59 million, missing the analyst consensus estimate of $58.90 million by 12.41%. This represents a 34.53% decrease over sales of $78.80 million the same period last year.
July 31, 2023 | 9:08 pm
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Vitesse Energy's Q2 earnings and sales fell short of analyst estimates, which could negatively impact the company's stock price in the short term.
Vitesse Energy's Q2 earnings and sales were both below analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100