Epsilon Energy Q3 2023 Gaap EPS $0.02 Down From $0.41 YoY, Sales $6.31M Down From $21.24M YoY
Portfolio Pulse from saritha@benzinga.com
Epsilon Energy (NASDAQ:EPSN) reported a significant decrease in its Q3 2023 earnings and sales compared to the same period last year. Earnings per share (EPS) dropped by 95.12% to $0.02 from $0.41, while sales decreased by 70.29% to $6.31 million from $21.24 million.
November 09, 2023 | 9:32 pm
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NEGATIVE IMPACT
Epsilon Energy's Q3 2023 earnings and sales have significantly decreased compared to the same period last year. This could negatively impact the company's stock price in the short term.
Earnings reports are a key indicator of a company's financial health. A significant decrease in earnings and sales, as reported by Epsilon Energy, could lead to a loss of investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100