Gulfport Energy Q3 Adj $3.43 Beats $2.42 Estimate, Sales $227.25M Miss $276.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gulfport Energy reported Q3 earnings of $3.43 per share, beating the analyst consensus estimate of $2.42 by 41.74%. However, the company's quarterly sales of $227.25 million missed the analyst consensus estimate of $276.48 million by 17.81%. This represents a 7.05% decrease in earnings and a 65.88% decrease in sales compared to the same period last year.
October 31, 2023 | 8:45 pm
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Gulfport Energy's Q3 earnings exceeded estimates but sales fell short, indicating mixed financial performance. This could lead to uncertainty among investors.
Gulfport Energy's earnings beat estimates, which is a positive signal. However, the significant miss on sales, coupled with the YoY decrease in both earnings and sales, could create uncertainty among investors and potentially impact the stock price.
CONFIDENCE 90
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RELEVANCE 100