SM Energy Q3 Adj $1.73 Beats $1.56 Estimate, Sales $640.90M Beat $616.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
SM Energy reported Q3 earnings of $1.73 per share, beating the analyst consensus estimate of $1.56 by 10.9%. However, this is a 4.95% decrease from the same period last year. The company also reported quarterly sales of $640.90 million, beating the analyst consensus estimate of $616.35 million by 3.98%, but this is a 23.29% decrease from the same period last year.
November 02, 2023 | 8:52 pm
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NEUTRAL IMPACT
SM Energy's Q3 earnings and sales beat estimates, but both are down year-over-year. This mixed result could lead to uncertain market reactions.
SM Energy beat Q3 earnings and sales estimates, which is generally positive for the stock. However, the year-over-year decreases in both earnings and sales could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100