Enerplus Q2 Adj $0.39 Misses $0.42 Estimate, Sales $357.90M Down From $580.46M YoY
Portfolio Pulse from Benzinga Newsdesk
Enerplus (NYSE:ERF) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.42 by 19.05%. This is a 51.43% decrease from the same period last year. The company's sales this quarter were $357.90 million, a 38.34% decrease from the same period last year.
August 09, 2023 | 9:13 pm
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NEGATIVE IMPACT
Enerplus reported a significant decrease in Q2 earnings and sales YoY, missing analyst estimates. This could negatively impact the company's stock in the short term.
Enerplus reported a significant decrease in both earnings and sales compared to the same period last year, and also missed analyst estimates. This is likely to be viewed negatively by investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100