Pembina Pipeline Q2 EPS $0.45 Beats $0.44 Estimate, Sales $1.54B Miss $1.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pembina Pipeline (NYSE:PBA) reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.44 by 1.59%. However, this is a 17.22% decrease from the same period last year. The company's quarterly sales of $1.54 billion missed the analyst consensus estimate of $1.68 billion by 8.28%, marking a 36.46% decrease from the same period last year.
August 04, 2023 | 2:38 pm
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NEGATIVE IMPACT
Pembina Pipeline's Q2 earnings beat estimates but are down 17.22% YoY. Sales missed estimates and are down 36.46% YoY.
Pembina Pipeline's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100