Murphy Oil Q4 Adjusted EPS $0.90 Misses $1.00 Estimate, Sales $844.20M Miss $855.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Murphy Oil Corporation reported Q4 adjusted earnings per share (EPS) of $0.90, missing the analyst consensus estimate of $1.00 by 10%. Year-over-year, this represents an 18.18% decrease from the $1.10 EPS reported in the same quarter last year. Quarterly sales were $844.20 million, falling short of the $855.99 million estimate by 1.38% and marking a 13.44% decrease from the $975.22 million reported in the same period last year.
January 25, 2024 | 11:02 am
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Murphy Oil Corporation's Q4 earnings and sales missed analyst estimates, with a significant decrease in EPS and sales compared to the same quarter last year.
Missing both EPS and sales estimates, especially with a year-over-year decline, is typically seen as a negative indicator for a company's financial performance and can lead to a decrease in stock price in the short term.
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