UGI Q4 EPS $0.61 Vs. $1.13 Prior Year, Sales $1.404B Miss $1.918B Estimate
Portfolio Pulse from Benzinga Newsdesk
UGI Corporation reported Q4 earnings of $0.61 per share, a decrease from $1.13 per share in the prior year. Quarterly sales were $1.404 billion, missing the consensus estimate of $1.918 billion and representing a 27.40% decrease from $1.93 billion in the same period last year.
November 16, 2023 | 10:28 pm
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NEGATIVE IMPACT
UGI Corporation's Q4 earnings per share and sales both declined compared to the previous year and missed analyst estimates, indicating potential negative investor sentiment.
The significant miss in both earnings per share and sales compared to analyst expectations is likely to be viewed negatively by investors. The year-over-year decrease in these figures could lead to a decrease in investor confidence and a potential short-term drop in UGI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100