Magnolia Oil & Gas Q3 2023 EPS $0.54 Down From $1.29 YoY, Revenue $315.678M Misses $317.395M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magnolia Oil & Gas reported Q3 2023 earnings per share (EPS) of $0.54, down from $1.29 year over year. The company's revenue of $315.678M missed the estimate of $317.395M.
November 01, 2023 | 8:03 pm
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NEGATIVE IMPACT
Magnolia Oil & Gas reported lower than expected Q3 2023 earnings and revenue, which could negatively impact the company's stock price in the short term.
Magnolia Oil & Gas reported a decrease in EPS and missed revenue estimates for Q3 2023. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100