Energy Transfer Q3 EPS $0.15 Misses $0.34 Estimate, Sales $20.74B Beat $20.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer (NYSE:ET) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.34 by 55.88%. This is a 48.28% decrease from the same period last year. However, the company reported quarterly sales of $20.74 billion, beating the analyst consensus estimate of $20.27 billion by 2.31%. This is a 9.59% decrease from the same period last year.
November 01, 2023 | 8:12 pm
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NEUTRAL IMPACT
Energy Transfer's Q3 earnings missed estimates by 55.88%, and sales beat estimates by 2.31%. This mixed result could lead to uncertainty in the market.
Energy Transfer's earnings miss could negatively impact the stock price. However, the sales beat could offset this negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100