SilverBow Resources Q2 EPS $1.10 Misses $1.44 Estimate, Sales $126.40M Miss $137.43M Estimate
Portfolio Pulse from vinayak@benzinga.com
SilverBow Resources reported Q2 earnings of $1.10 per share, missing the analyst consensus estimate of $1.44 by 23.61%. This is a 77.78% decrease from the same period last year. The company also reported quarterly sales of $126.40 million, missing the analyst consensus estimate of $137.43 million by 8.03%. This is a 30.78% decrease from the same period last year.
August 04, 2023 | 12:12 pm
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NEGATIVE IMPACT
SilverBow Resources' Q2 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
SilverBow Resources reported lower than expected earnings and sales for Q2, with a significant decrease from the same period last year. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100