Enviva Q2 EPS $(0.75) Misses $(0.62) Estimate, Sales $301.90M Miss $304.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enviva (NYSE:EVA) reported Q2 losses of $(0.75) per share, missing the analyst consensus estimate of $(0.62) by 20.97%. This is a 188.46% decrease over losses of $(0.26) per share from the same period last year. The company also reported quarterly sales of $301.90 million, missing the analyst consensus estimate of $304.64 million by 0.90%. This is a 1.88% increase over sales of $296.32 million the same period last year.
August 04, 2023 | 12:33 pm
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NEGATIVE IMPACT
Enviva's Q2 earnings missed estimates, with a larger than expected loss per share and lower than expected sales.
Enviva's Q2 earnings report shows a larger than expected loss per share and lower than expected sales, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100