Earthstone Energy Q2 EPS $0.53 Beats $0.50 Estimate, Sales $370.00M Beat $359.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Earthstone Energy (NYSE:ESTE) reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.50 by 6%. However, this is a 58.91% decrease from the same period last year. The company also reported quarterly sales of $370.00 million, beating the estimate of $359.48 million by 2.93%, but this is a 21.70% decrease from last year.
August 04, 2023 | 12:16 pm
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Earthstone Energy's Q2 earnings and sales beat estimates but are significantly down from the same period last year.
While Earthstone Energy beat estimates for Q2 earnings and sales, the significant year-over-year decreases may concern investors and could potentially offset the positive impact of beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100