PBF Energy Q2 Adj. EPS $2.29 Beats $2.22 Estimate, Sales $9.16B Miss $9.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
PBF Energy reported Q2 adjusted earnings of $2.29 per share, beating the analyst consensus estimate of $2.22 by 3.15%. However, this is a 78.36% decrease from the same period last year. The company's quarterly sales of $9.16 billion missed the analyst consensus estimate of $9.41 billion by 2.68%, marking a 34.95% decrease from the same period last year.
August 04, 2023 | 12:49 pm
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NEGATIVE IMPACT
PBF Energy's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
PBF Energy's earnings beat estimates, which is a positive signal. However, the significant YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative signals that could impact the stock negatively in the short term.
CONFIDENCE 100
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RELEVANCE 100