Texas Pacific Land Corporation Q3 2023 EPS $13.74 Down From $16.82 YoY, Revenue $158M Misses $171.337M Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Pacific Land Corporation reported Q3 2023 earnings per share (EPS) of $13.74, down from $16.82 year over year. The company's revenue of $158M missed the estimate of $171.337M.
November 01, 2023 | 8:43 pm
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NEGATIVE IMPACT
Texas Pacific Land Corporation's Q3 2023 earnings and revenue missed estimates, which could negatively impact the stock in the short term.
Earnings reports are a significant factor in a company's stock performance. Texas Pacific Land Corporation's lower than expected earnings and revenue for Q3 2023 could lead to a decrease in investor confidence, potentially causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100