StealthGas Q2 Adj. EPS $0.28 Down From $0.30 YoY, Sales $36.7M Beat $35.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
StealthGas (NASDAQ:GASS) reported Q2 adjusted earnings of $0.28 per share, a decrease of 6.67% YoY. The company's quarterly sales were $36.67 million, beating the analyst consensus estimate of $35.00 million by 4.78%, but showing a decrease of 6.63% YoY.
August 18, 2023 | 1:15 pm
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NEUTRAL IMPACT
StealthGas reported a decrease in Q2 earnings but beat sales estimates. This mixed result could lead to uncertain market reactions.
StealthGas reported a decrease in earnings, which could negatively impact the stock. However, the company beat sales estimates, which is generally seen as positive. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100