Epsilon Energy Q2 EPS $0.02 Down From $0.44 YoY, Sales $6.50M Down From $19.90M YoY
Portfolio Pulse from Benzinga Newsdesk
Epsilon Energy (NASDAQ:EPSN) reported a significant decrease in Q2 earnings and sales YoY. Earnings per share fell by 95.45% to $0.02 from $0.44, and sales dropped by 67.34% to $6.50 million from $19.90 million.
August 11, 2023 | 5:31 am
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NEGATIVE IMPACT
Epsilon Energy's Q2 earnings and sales have significantly decreased YoY. This could negatively impact the company's stock price in the short term.
Earnings reports are a key indicator of a company's financial health. A significant decrease in earnings and sales, as reported by Epsilon Energy, could lead to a loss of investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100