Adams Resources & Energy Q3 EPS $0.88, Sales $760.60M Beat $683.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adams Resources & Energy (AMEX:AE) reported Q3 earnings of $0.88 per share, beating the analyst consensus estimate of $0.15 by 486.67%. However, this is a 16.98% decrease from the same period last year. The company also reported quarterly sales of $760.60 million, beating the analyst consensus estimate of $683.08 million by 11.35%, but this is a 10.82% decrease from the same period last year.
November 08, 2023 | 9:56 pm
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NEUTRAL IMPACT
Adams Resources & Energy reported better than expected Q3 earnings and sales, but both figures are down from the same period last year.
While the company beat analyst estimates for Q3, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact. Investors may interpret this as a sign of slowing growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100