Vitesse Energy Q3 2023 Adj EPS $0.38 Misses $0.42 Estimate, Sales $55.05M Beat $54.46M Estimate
Portfolio Pulse from totan@benzinga.com
Vitesse Energy (NYSE:VTS) reported Q3 2023 earnings of $0.38 per share, missing the analyst consensus estimate of $0.42 by 9.52%. However, the company beat the sales estimate of $54.46M with reported sales of $55.05M, a 1.09% increase. This is a 28.59% decrease from the same period last year.
November 01, 2023 | 8:46 pm
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NEUTRAL IMPACT
Vitesse Energy's Q3 2023 earnings missed estimates by 9.52%, but sales beat estimates by 1.09%. This could lead to mixed market reactions.
Vitesse Energy's earnings miss could negatively impact the stock price, but the sales beat might offset this to some extent. The YoY decrease in sales could also be a concern for investors.
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