Canadian Natural Resources Q3 Adjusted EPS $1.93 Beats $1.66 Estimate, Sales $7.38B Beat $6.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Natural Resources (NYSE:CNQ) reported Q3 earnings of $1.93 per share, beating the analyst consensus estimate of $1.66 by 16.27%. However, this is a 18.57% decrease from the same period last year. The company also reported quarterly sales of $7.38 billion, beating the analyst consensus estimate of $6.70 billion by 10.09%, but this is an 8.00% decrease from the same period last year.
November 02, 2023 | 9:17 am
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Canadian Natural Resources reported better than expected Q3 earnings and sales, but both figures are down from the same period last year.
While Canadian Natural Resources beat Q3 earnings and sales estimates, the decrease from the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100