Excelerate Energy Q2 EPS $0.23 Misses $0.33 Estimate, Sales $432.37M Beat $240.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Excelerate Energy (NYSE:EE) reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.33 by 30.3%. This is a 70.51% decrease from the same period last year. However, the company reported quarterly sales of $432.37 million, beating the analyst consensus estimate of $240.87 million by 79.5%, but still a 30.59% decrease from last year.
August 09, 2023 | 9:03 pm
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NEGATIVE IMPACT
Excelerate Energy's Q2 earnings missed estimates by 30.3%, a significant decrease from last year. However, sales beat estimates by 79.5%, despite being lower than last year.
Excelerate Energy's earnings miss and the significant decrease from last year's earnings could negatively impact investor sentiment and the stock price. However, the sales beat might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100