Recap: Dynagas LNG Partners Q3 Earnings
Portfolio Pulse from Benzinga Insights
Dynagas LNG Partners (NYSE:DLNG) reported Q3 earnings with an EPS of $0.01, significantly missing the estimate of $0.11. Despite the miss, revenue increased by $7.10 million compared to the same period last year. The company's stock price had previously fallen by 3.23% following a missed EPS estimate last quarter.
December 07, 2023 | 9:35 pm
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NEGATIVE IMPACT
Dynagas LNG Partners reported a significant earnings miss for Q3, with an EPS of $0.01 against an estimate of $0.11, but showed an increase in revenue year-over-year.
The substantial miss in earnings estimates is likely to negatively impact investor sentiment in the short term, as evidenced by the previous quarter's stock price drop following an earnings miss. The increase in revenue may not be sufficient to offset the concern over the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100