HighPeak Energy Q2 EPS $0.25 Misses $0.45 Estimate, Sales $240.76M Miss $245.84M Estimate
Portfolio Pulse from vinayak@benzinga.com
HighPeak Energy (NASDAQ:HPK) reported Q2 earnings of $0.25 per share, missing the analyst consensus estimate of $0.45 by 44.44%. This is a 60.94% decrease from the same period last year. The company also reported quarterly sales of $240.76 million, missing the analyst consensus estimate of $245.84 million by 2.07%. However, this is a 19.53% increase from the same period last year.
August 07, 2023 | 8:11 pm
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NEGATIVE IMPACT
HighPeak Energy's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
HighPeak Energy reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential operational and financial challenges. The earnings per share decreased by 60.94% compared to the same period last year, which could be a red flag for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100