Permian Resources Q2 EPS $0.21 Misses $0.32 Estimate, Sales $623.40M Miss $672.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Permian Resources (NYSE:PR) reported Q2 earnings of $0.21 per share, missing the analyst consensus estimate of $0.32 by 34.38 percent. The company also reported quarterly sales of $623.40 million, missing the analyst consensus estimate of $672.94 million by 7.36 percent.
August 04, 2023 | 12:09 pm
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NEGATIVE IMPACT
Permian Resources' Q2 earnings and sales fell short of analyst estimates, which could negatively impact the company's stock in the short term.
Permian Resources 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 than anticipated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100