Adams Resources & Energy Q2 EPS $(0.23) Beats $(0.55) Estimate, Sales $624.80M Miss $664.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adams Resources & Energy (AMEX:AE) reported Q2 losses of $(0.23) per share, beating the analyst consensus estimate of $(0.55) by 58.18%. However, the company's quarterly sales of $624.80 million missed the analyst consensus estimate of $664.88 million by 6.03%. This represents a 37.02% decrease over sales from the same period last year.
August 09, 2023 | 8:15 pm
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NEUTRAL IMPACT
Adams Resources & Energy reported better than expected Q2 EPS but missed on sales. This could lead to mixed market reactions.
Adams Resources & Energy reported a better than expected EPS, which could positively impact the stock. However, the company missed on sales, which could negatively impact the stock. The net effect could be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100