Chesapeake Utilities Q2 EPS $0.90 Misses $0.96 Estimate, Sales $135.59M Miss $158.23M Estimate
Portfolio Pulse from totan@benzinga.com
Chesapeake Utilities (NYSE:CPK) reported Q2 earnings of $0.90 per share, missing the analyst consensus estimate of $0.96 by 6.25%. The company also reported quarterly sales of $135.59 million, missing the analyst consensus estimate of $158.23 million by 14.31%. This represents a 2.27% increase in earnings but a 2.78% decrease in sales compared to the same period last year.
August 04, 2023 | 2:33 pm
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Chesapeake Utilities' Q2 earnings and sales missed analyst estimates, which could negatively impact the company's stock in the short term.
Chesapeake Utilities reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100