Talos Energy Q3 2023 Adj EPS $0.15 Beats $0.12 Estimate, Sales $383.13M Beat $374.05M Estimate
Portfolio Pulse from vinayak@benzinga.com
Talos Energy reported Q3 2023 earnings of $0.15 per share, beating the analyst consensus estimate of $0.12 by 25%. However, this is an 80% decrease from the same period last year. The company also reported quarterly sales of $383.13 million, beating the estimate of $374.05 million by 2.43%, and marking a 1.59% increase from the same period last year.
November 06, 2023 | 10:52 pm
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NEUTRAL IMPACT
Talos Energy's Q3 2023 earnings and sales beat estimates, but earnings are down 80% YoY. Sales increased by 1.59% YoY.
While Talos Energy beat earnings and sales estimates, the significant YoY decrease in earnings could negatively impact investor sentiment. However, the YoY increase in sales could offset this to some extent, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100