Kimbell Royalty Partners Q3 EPS $0.19 Misses $0.31 Estimate, Sales $67.20M Miss $69.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimbell Royalty Partners (NYSE:KRP) reported Q3 earnings of $0.19 per share, missing the analyst consensus estimate of $0.31 by 38.71%. This is a 67.8% decrease from the same period last year. The company also reported quarterly sales of $67.20 million, missing the analyst consensus estimate of $69.41 million by 3.18%. This is a 7.85% decrease from the same period last year.
November 02, 2023 | 11:12 am
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Kimbell Royalty Partners' Q3 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Kimbell Royalty Partners reported lower than expected earnings and sales for Q3, with a significant decrease compared to the same period last year. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100