W&T Offshore Q3 EPS $0.01 Misses $0.03 Estimate, Sales $142.41M Beat $132.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
W&T Offshore (NYSE:WTI) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.03 by 66.67%. This is a 96.97% decrease from the same period last year. However, the company reported quarterly sales of $142.41 million, beating the analyst consensus estimate of $132.30 million by 7.64%. This is a 46.56% decrease from the same period last year.
November 07, 2023 | 10:07 pm
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NEUTRAL IMPACT
W&T Offshore's Q3 earnings missed estimates by 66.67%, and sales beat estimates by 7.64%. This mixed result could lead to uncertainty in the market.
W&T Offshore's earnings miss could negatively impact the stock as it indicates weaker profitability. However, the sales beat could offset this as it shows stronger revenue generation. The net impact is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100