Holly Energy Partners Q2 EPS $0.40 Misses $0.47 Estimate, Sales $139.75M Miss $140.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Holly Energy Partners (NYSE:HEP) reported Q2 earnings of $0.40 per share, missing the analyst consensus estimate of $0.47 by 14.89%. This is a decrease of 11.11% from the same period last year. The company also reported quarterly sales of $139.75 million, missing the analyst consensus estimate of $140.86 million by 0.78%. However, this is a 2.94% increase over sales from the same period last year.
August 04, 2023 | 12:47 pm
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Holly Energy Partners' Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Holly Energy Partners reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100