UPDATE: Enerplus Q2 Adj $0.39 Misses $0.42 Estimate, Sales $357.90M Down From $580.46M YoY
Portfolio Pulse from Happy Mohamed
Enerplus (NYSE:ERF) reported Q2 earnings of $0.39 per share, missing the analyst consensus estimate of $0.42 by 7.14%. This represents a 44.29% decrease from the same period last year. The company's sales for the quarter were $357.90 million, a 38.34% decrease from the same period last year.
August 09, 2023 | 9:36 pm
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NEGATIVE IMPACT
Enerplus reported a significant decrease in Q2 earnings and sales, missing analyst estimates. This could negatively impact the company's stock price in the short term.
Enerplus reported lower than expected earnings and a significant decrease in sales compared to the same period last year. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100