Gulfport Energy Q2 Adj EPS $2.66 Beats $2.13 Estimate, Sales $304.71M Beat $240.28M Estimate
Portfolio Pulse from bharat@benzinga.com
Gulfport Energy reported Q2 earnings of $2.66 per share, beating the analyst consensus estimate of $2.13 by 24.88%. However, this is a 47.74% decrease from the same period last year. The company also reported quarterly sales of $304.71 million, beating the estimate of $240.28 million by 26.81%, but this is a 34.52% decrease from last year.
August 04, 2023 | 10:32 am
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NEUTRAL IMPACT
Gulfport Energy's Q2 earnings and sales exceeded estimates, but both showed a significant decrease compared to the same period last year.
While Gulfport Energy beat estimates for Q2 earnings and sales, the significant decrease from the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
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