Gran Tierra Energy Q3 2023 EPS $0.20 Beats $(0.45) Estimate, Sales $179.92M Beat $60.00K Estimate
Portfolio Pulse from vinayak@benzinga.com
Gran Tierra Energy (AMEX:GTE) reported Q3 2023 earnings of $0.20 per share, beating the analyst consensus estimate of $(0.45) by 144.44%. This is a 80% decrease from the same period last year. The company also reported quarterly sales of $179.92 million, beating the analyst consensus estimate of $60.00 thousand by 299.77K%. This is a 6.84% increase from the same period last year.
October 31, 2023 | 9:44 pm
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Gran Tierra Energy's Q3 2023 earnings and sales exceeded analyst estimates. However, earnings decreased by 80% compared to the same period last year.
While Gran Tierra Energy beat analyst estimates for Q3 2023, the significant decrease in earnings compared to the same period last year may cause some investor concern. However, the beat on sales estimates and the increase in sales compared to last year could offset this concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100