VAALCO Energy Q2 Adj EPS $0.11 Misses $0.14 Estimate, Sales $109.24M Beat $96.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
VAALCO Energy (NYSE:EGY) reported Q2 adjusted earnings of $0.11 per share, missing the analyst consensus estimate of $0.14 by 21.43%. This is a 78.85% decrease from the same period last year. However, the company's quarterly sales of $109.24 million beat the analyst consensus estimate of $96.68 million by 12.99%, despite being a 1.57% decrease from the same period last year.
August 09, 2023 | 8:33 pm
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VAALCO Energy's Q2 earnings missed estimates by 21.43% and decreased 78.85% YoY. However, sales beat estimates by 12.99% but decreased 1.57% YoY.
VAALCO Energy's earnings miss and YoY decrease could negatively impact investor sentiment and the stock price. However, the sales beat might mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100