EnLink Midstream Q3 Adj EPS $0.10 Misses $0.13 Estimate, Sales $1.75B Miss $2.05B Estimate
Portfolio Pulse from mahesh@benzinga.com
EnLink Midstream (ENLC) reported Q3 earnings of $0.10 per share, missing the analyst consensus estimate of $0.13 by 23.08%. This is a 41.18% decrease from the same period last year. The company also reported quarterly sales of $1.75 billion, missing the analyst consensus estimate of $2.05 billion by 14.83%. This is a 34.46% decrease from the same period last year.
October 31, 2023 | 9:47 pm
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NEGATIVE IMPACT
EnLink Midstream's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
EnLink Midstream's Q3 earnings and sales missed analyst estimates by a significant margin. This underperformance, coupled with a decrease from the same period last year, could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100