Callon Petroleum Q2 Adj $1.99 Beats $1.76 Estimate
Portfolio Pulse from Benzinga Newsdesk
Callon Petroleum reported Q2 earnings of $1.99 per share, beating the analyst consensus estimate of $1.76 by 13.07%. However, this is a 45.92% decrease from the same period last year.
August 04, 2023 | 12:20 pm
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Callon Petroleum's Q2 earnings exceeded analyst expectations but are significantly lower than last year's earnings.
While Callon Petroleum's Q2 earnings beat analyst estimates, the significant YoY decrease could potentially concern investors. The mixed results make the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100