UGI: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
UGI Corporation reported Q1 earnings with an EPS of $1.2, beating the estimate by 14.29%. However, revenue decreased by $638 million compared to the same period last year. In the previous quarter, a beat on EPS resulted in a 3.83% share price increase the following day.
January 31, 2024 | 9:40 pm
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POSITIVE IMPACT
UGI Corporation exceeded Q1 earnings estimates with an EPS of $1.2, which is 14.29% higher than expected, but faced a substantial year-over-year revenue decline.
UGI's stock is likely to experience a positive short-term impact due to the earnings beat, as historically, the company's stock price increased following an EPS beat last quarter. However, the significant revenue decline may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100