PBF Energy Q3 Adj EPS $6.61 Beats $4.84 Estimate, Sales $10.73B Beat $10.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
PBF Energy reported Q3 adjusted earnings of $6.61 per share, beating the analyst consensus estimate of $4.84 by 36.57%. However, this is a 16.96% decrease from the same period last year. The company also reported quarterly sales of $10.73 billion, surpassing the analyst consensus estimate of $10.29 billion by 4.31%, but this is a 15.92% decrease from the same period last year.
November 02, 2023 | 10:35 am
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NEUTRAL IMPACT
PBF Energy's Q3 earnings and sales exceeded estimates, but both showed a decrease compared to the same period last year. This mixed result could lead to uncertain market reactions.
While PBF Energy beat Q3 estimates, the year-over-year decrease in both earnings and sales could lead to mixed investor sentiment. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100