Permian Resources Q3 EPS $0.13 Misses $0.38 Estimate, Sales $785.54M Beat $734.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Permian Resources (NYSE:PR) reported Q3 earnings of $0.13 per share, missing the analyst consensus estimate of $0.38 by 65.79%. This is a 81.43% decrease from the same period last year. However, the company reported quarterly sales of $785.54 million, beating the analyst consensus estimate of $734.20 million by 6.99%. This is a 42.88% increase from the same period last year.
November 07, 2023 | 10:10 pm
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Permian Resources' Q3 earnings significantly missed estimates, but sales exceeded expectations.
The company's earnings missed estimates by a significant margin, which could negatively impact the stock price. However, the sales beat could provide some offsetting positive sentiment.
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