Recap: Pampa Energia Q3 Earnings
Portfolio Pulse from Benzinga Insights
Pampa Energia (NYSE:PAM) reported Q3 earnings, beating estimates by 40.0% with an EPS of $2.8, compared to an estimate of $2.0. However, revenue was down $33.00 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 2.75% increase in the share price the next day.
November 08, 2023 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pampa Energia's Q3 earnings beat estimates by 40.0%, but revenue was down $33.00 million YoY. Last quarter's earnings beat led to a 2.75% share price increase.
Pampa Energia's significant beat on earnings estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price, as was the case last quarter. However, the decrease in revenue YoY could temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100