EnLink Midstream Q2 EPS $0.12 Beats $0.11 Estimate, Sales $1.53B Miss $1.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
EnLink Midstream (ENLC) reported Q2 earnings of $0.12 per share, beating the analyst consensus estimate of $0.11 by 9.09%. However, this is a 29.41% decrease from the same period last year. The company's quarterly sales of $1.53 billion missed the analyst consensus estimate of $1.91 billion by 20.02%, marking a 41.18% decrease from the same period last year.
August 04, 2023 | 10:35 am
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ENLC's Q2 earnings beat estimates but are down 29.41% YoY. Sales missed estimates and are down 41.18% YoY.
ENLC's earnings beat estimates, which is a positive signal. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative signals that could impact the stock price negatively in the short term.
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