Amplify Energy Q3 2023 EPS $(0.34) Misses $0.16 Estimate, Sales $76.77M Beat $74.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Amplify Energy reported Q3 2023 earnings per share (EPS) of $(0.34), missing the analyst consensus estimate of $0.16 by 312.5%. This represents a 129.06% decrease from the same period last year. However, the company's quarterly sales of $76.77 million beat the analyst consensus estimate of $74.50 million by 3.05%, despite being a 39.22% decrease from the same period last year.
November 06, 2023 | 9:12 pm
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NEUTRAL IMPACT
Amplify Energy's Q3 2023 earnings missed estimates significantly, while sales slightly exceeded expectations. This mixed performance may lead to uncertainty in the market.
Amplify Energy's earnings miss is a negative signal to investors, as it indicates the company's profitability is lower than expected. However, the sales beat may offset some of this negativity, as it shows the company is generating more revenue than anticipated. The mixed performance could lead to uncertainty among investors, potentially impacting the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100