Northern Oil and Gas Q3 2023 Adj. EPS $1.73 Misses $1.78 Estimate, Revenue $511.7M Beats $509.098 Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Oil and Gas reported Q3 2023 adjusted EPS of $1.73, missing the estimate of $1.78. However, the company's revenue of $511.7M surpassed the estimate of $509.098M.
November 01, 2023 | 8:47 pm
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NEUTRAL IMPACT
Northern Oil and Gas's Q3 2023 earnings missed estimates, but revenue beat expectations.
Northern Oil and Gas's Q3 2023 earnings report shows a mixed picture. While the company missed earnings per share estimates, it beat revenue estimates. This could lead to a mixed market reaction in the short term, with some investors focusing on the earnings miss and others on the revenue beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100