Par Pacific Hldgs Q2 Adj. EPS $1.73 Beats $1.20 Estimate, Sales $1.78B Beat $1.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Par Pacific Holdings (NYSE:PARR) reported Q2 earnings of $1.73 per share, beating the analyst consensus estimate of $1.20 by 44.17%. However, this is a 47.73% decrease from the same period last year. The company also reported quarterly sales of $1.78 billion, beating the analyst consensus estimate of $1.57 billion by 13.63%, but this is a 15.29% decrease from the same period last year.
August 07, 2023 | 8:25 pm
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Par Pacific Holdings beat Q2 earnings and sales estimates but reported decreases from the same period last year.
While Par Pacific beat analyst estimates for Q2 earnings and sales, the year-on-year decreases in both earnings and sales could potentially offset any positive impact from beating estimates. This mixed result makes it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100