Vital Energy Q2 Adj EPS $4.35 Misses $4.38 Estimate, Sales $335.06M Miss $344.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vital Energy (NYSE:VTLE) reported Q2 adjusted earnings of $4.35 per share, missing the analyst consensus estimate of $4.38 by 0.68 percent. The company's quarterly sales were $335.06 million, missing the analyst consensus estimate of $344.16 million by 2.64 percent. This represents a 40.18 percent decrease over sales of $560.16 million in the same period last year.
August 08, 2023 | 8:24 pm
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NEGATIVE IMPACT
Vital Energy's Q2 earnings and sales missed estimates, which could negatively impact the stock price.
Vital Energy's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100