U.S. Energy Q3 2023 EPS $(0.35) Down From $0.16 YoY, Revenue ~$8.7M Beats $8.180M Estimate
Portfolio Pulse from Benzinga Newsdesk
U.S. Energy reported a Q3 2023 EPS of $(0.35), a decrease from the $0.16 reported in the same quarter last year. However, the company's revenue of approximately $8.7 million exceeded the estimate of $8.180 million.
November 13, 2023 | 10:34 pm
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NEGATIVE IMPACT
U.S. Energy's Q3 2023 earnings report showed a significant decrease in EPS compared to last year, but revenue beat estimates.
The negative EPS indicates a loss per share, which is a substantial decline from the profit reported in the previous year. This is likely to be viewed negatively by investors, potentially leading to a decrease in stock price. However, the revenue beat might offset some of the negative impact, as it suggests the company is generating more sales than expected.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100