Western Midstream Q3 EPS $0.70 Beats $0.65 Estimate, Sales $776.01M Miss $822.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Midstream (NYSE:WES) reported Q3 earnings of $0.70 per share, beating the analyst consensus estimate of $0.65 by 7.69%. This is a 6.06% increase from the same period last year. However, the company's quarterly sales of $776.01 million missed the analyst consensus estimate of $822.02 million by 5.60%, marking a 7.35% decrease from the same period last year.
November 01, 2023 | 8:15 pm
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NEUTRAL IMPACT
Western Midstream's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Western Midstream's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100