ConocoPhillips Q2 Adj. EPS $1.84 Misses $1.94 Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips reported Q2 earnings of $1.84 per share, missing the analyst consensus estimate of $1.94 by 5.15 percent. This represents a 52.94 percent decrease from the same period last year.
August 04, 2023 | 12:56 pm
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NEGATIVE IMPACT
ConocoPhillips' Q2 earnings per share of $1.84 missed the analyst consensus estimate of $1.94 by 5.15 percent, a 52.94 percent decrease YoY.
ConocoPhillips' earnings miss could negatively impact investor sentiment, potentially leading to a short-term decrease in the company's stock price. The significant YoY decrease in earnings further compounds this potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100