Excelerate Energy Q3 EPS $0.40, Sales $275.50M Miss $378.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Excelerate Energy (NYSE:EE) reported Q3 earnings of $0.40 per share, beating the analyst consensus estimate of $0.30 by 33.33%. However, this is a 72.79% decrease from the same period last year. The company's quarterly sales of $275.50 million missed the analyst consensus estimate of $378.30 million by 27.17%, marking a 65.70% decrease from the same period last year.
November 08, 2023 | 10:04 pm
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NEGATIVE IMPACT
Excelerate Energy's Q3 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Excelerate Energy's earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the company's stock price negatively in the short term.
CONFIDENCE 100
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RELEVANCE 100