Sempra Energy Q2 Adj. EPS $1.88 Beats $1.75 Estimate, Sales $3.33B Miss $3.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sempra Energy reported Q2 earnings of $1.88 per share, beating the analyst consensus estimate of $1.75 by 7.43%. However, this is a 5.05% decrease from the same period last year. The company's quarterly sales of $3.33 billion missed the analyst consensus estimate of $3.64 billion by 8.38%, marking a 5.98% decrease from the same period last year.
August 04, 2023 | 12:52 pm
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NEUTRAL IMPACT
Sempra Energy's Q2 earnings beat estimates but sales missed, and both earnings and sales decreased from the same period last year.
Sempra Energy's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales decreased from the same period last year, which could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100