SM Energy Q2 EPS $1.28 Beats $1.09 Estimate, Sales $550.75M Miss $555.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
SM Energy reported Q2 earnings of $1.28 per share, beating the analyst consensus estimate of $1.09 by 17.43%. However, this is a 41.55% decrease from the same period last year. The company's quarterly sales of $550.75M missed the analyst consensus estimate of $555.50M by 0.85%, marking a 44.49% decrease from the previous year.
August 04, 2023 | 12:13 pm
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NEGATIVE IMPACT
SM Energy's Q2 earnings beat estimates but are significantly lower than last year. Sales also missed estimates and are down from the previous year.
SM Energy's earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales is a negative signal, which could negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100