New Fortress Energy Q3 Adj. EPS $0.30 Misses $0.43 Estimate, Sales $514.46M Beat $499.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Fortress Energy (NASDAQ:NFE) reported Q3 adjusted earnings of $0.30 per share, missing the analyst consensus estimate of $0.43 by 30.23%. This is a 26.83% decrease from the same period last year. However, the company's quarterly sales of $514.46 million beat the analyst consensus estimate of $499.56 million by 2.98%, despite a 29.71% decrease from the same period last year.
November 08, 2023 | 11:23 am
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NEUTRAL IMPACT
New Fortress Energy's Q3 earnings missed estimates by 30.23%, but sales beat estimates by 2.98%. This mixed result could lead to uncertainty in the market.
New Fortress Energy's earnings miss could negatively impact the stock price, but the sales beat might offset this. The mixed results could lead to uncertainty among investors, potentially causing volatility in the stock price.
CONFIDENCE 90
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RELEVANCE 100