Vertex Energy Q2 EPS $(1.07) Misses $(0.28) Estimate, Sales $734.89M Beat $707.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vertex Energy reported Q2 losses of $1.07 per share, missing the analyst consensus estimate of $0.28 by 282.14%. This is a 257.35% decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $734.89 million, beating the analyst consensus estimate of $707.74 million by 3.84%. This is a 25.91% decrease over sales of $991.84 million the same period last year.
August 09, 2023 | 10:07 am
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NEGATIVE IMPACT
Vertex Energy's Q2 earnings per share missed estimates by a significant margin, while sales beat estimates. Both earnings and sales decreased compared to the same period last year.
The company's earnings per share missed estimates by a large margin, which is likely to negatively impact the stock price. While sales beat estimates, they also decreased compared to the same period last year, which could further negatively impact the stock price.
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IMPORTANCE 100
RELEVANCE 100