Permian Resources Q3 EPS $0.13, Sales $785.54M Beat $748.20M 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 $748.20 million by 4.99%. This is a 42.88% increase from the same period last year.
November 07, 2023 | 10:21 pm
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NEGATIVE IMPACT
Permian Resources' Q3 earnings missed estimates by 65.79%, but sales beat estimates by 4.99%. Earnings decreased by 81.43% YoY, while sales increased by 42.88% YoY.
The company's earnings missed estimates significantly, which is likely to negatively impact the stock price. However, the sales beat estimates, which could offset some of the negative impact. The YoY decrease in earnings is significant and likely to be viewed negatively by investors, while the YoY increase in sales could be viewed positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100