OGE Energy Q2 EPS $0.44 Misses $0.45 Estimate, Sales $605.00M Miss $784.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
OGE Energy reported Q2 earnings of $0.44 per share, missing the analyst consensus estimate of $0.45 by 2.22%. The company's quarterly sales were $605.00 million, missing the analyst consensus estimate of $784.27 million by 22.86%. This represents a 22.22% increase in earnings but a 24.72% decrease in sales compared to the same period last year.
August 09, 2023 | 10:11 am
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OGE Energy's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
OGE Energy's Q2 earnings and sales fell short of analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100