Coterra Energy Q3 2023 Adj EPS $0.50 Beats $0.44 Estimate, Sales $1.36B Miss $1.36B Estimate
Portfolio Pulse from totan@benzinga.com
Coterra Energy's Q3 2023 adjusted EPS of $0.50 beat the estimate of $0.44, a 13.64% increase. However, this is a 64.79% decrease from the same period last year. The company's quarterly sales of $1.36 billion missed the estimate by 0.29%, marking a 46.19% decrease from the previous year.
November 06, 2023 | 9:14 pm
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Coterra Energy's Q3 2023 earnings beat estimates but are significantly lower than the previous year. Sales also missed estimates and are down from the previous year.
Coterra Energy's earnings beat estimates, which is positive. However, the significant year-over-year decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
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