Hess Midstream Q4 Gaap EPS $0.55 Misses $0.63 Estimate, Sales $356.50M Miss $358.86M Estimate
Portfolio Pulse from saritha@benzinga.com
Hess Midstream (NYSE:HESM) reported Q4 GAAP earnings per share (EPS) of $0.55, missing the consensus estimate of $0.63 by 12.7%. Sales for the quarter were $356.50 million, slightly below the estimate of $358.86 million. Despite the miss, both EPS and sales showed an increase from the same period last year, with EPS up 12.24% and sales up 13.32%.
January 31, 2024 | 1:01 pm
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Hess Midstream's Q4 earnings and sales missed analyst estimates, with EPS at $0.55 against an expected $0.63 and sales at $356.50M versus $358.86M forecasted. Despite the miss, there was a year-over-year growth in both metrics.
Missing both EPS and sales estimates is likely to have a negative impact on investor sentiment in the short term, potentially leading to a decrease in stock price. However, the year-over-year growth could mitigate some of the negative sentiment.
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IMPORTANCE 75
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