Riley Exploration Permian Q3 2023 Adj EPS $1.58 Misses $1.72 Estimate, Sales $108.29M Beat $96.14M Estimate
Portfolio Pulse from saritha@benzinga.com
Riley Exploration Permian (REPX) reported Q3 2023 earnings of $1.58 per share, missing the analyst consensus estimate of $1.72 by 8.14%. This is a 5.39% decrease from the same period last year. However, the company's quarterly sales of $108.29 million beat the analyst consensus estimate of $96.14 million by 12.64%, marking a 22.96% increase from the same period last year.
November 07, 2023 | 11:34 pm
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NEUTRAL IMPACT
Riley Exploration Permian's Q3 2023 earnings missed estimates but sales exceeded expectations. The company's earnings per share decreased by 5.39% YoY, while sales increased by 22.96% YoY.
Riley Exploration Permian's earnings per share missed estimates, which could negatively impact the stock. However, the company's sales exceeded expectations, which could offset the negative impact of the earnings miss. The net effect on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100