Genesis Energy Q3 EPS $0.29 Beats $0.25 Estimate, Sales $807.62M Beat $398.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genesis Energy (NYSE:GEL) reported Q3 earnings of $0.29 per share, beating the analyst consensus estimate of $0.25 by 16%. This is a 341.67% increase over losses of $(0.12) per share from the same period last year. The company also reported quarterly sales of $807.62 million, beating the analyst consensus estimate of $398.84 million by 102.49%. This is a 11.98% increase over sales of $721.25 million the same period last year.
November 02, 2023 | 10:10 am
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Genesis Energy's Q3 earnings and sales significantly beat analyst estimates, indicating strong financial performance.
Genesis Energy reported a significant beat on both earnings and sales estimates for Q3. This indicates strong financial performance and could lead to increased investor confidence, potentially driving the stock price up in the short term.
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