Crestwood Equity Partners Q2 EPS $1.16 Beats $0.26 Estimate, Sales $1.02B Miss $1.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crestwood Equity Partners reported Q2 earnings of $1.16 per share, beating the analyst consensus estimate of $0.26 by 346.15%. This is a 728.57% increase from the same period last year. However, the company's quarterly sales of $1.02 billion missed the analyst consensus estimate of $1.19 billion by 14.49%, marking a 29.49% decrease from the same period last year.
August 01, 2023 | 10:08 am
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Crestwood Equity Partners' Q2 earnings significantly exceeded estimates, but sales fell short and decreased compared to last year.
Crestwood Equity Partners' Q2 earnings beat estimates by a significant margin, which could positively impact the stock. However, the company's sales missed estimates and decreased compared to the same period last year, which could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100