UGI Q1 2024 Adj EPS $1.20 Beats $1.05 Estimate, Sales $2.12B Miss $2.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
UGI Corporation reported Q1 2024 adjusted earnings per share (EPS) of $1.20, surpassing the consensus estimate of $1.05 by 14.29%. However, their quarterly sales of $2.12 billion fell short of the expected $2.67 billion, marking a 20.53% miss and a 23.12% decrease from the same period last year.
January 31, 2024 | 9:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
UGI's Q1 2024 earnings beat EPS estimates but missed on revenue, with a significant year-over-year sales decline.
While UGI's EPS beat may be viewed positively, the significant miss on revenue and the sharp decline from the previous year's sales could raise concerns about growth and operational efficiency. The mixed results present a neutral outlook as the positive EPS surprise could be offset by the negative sentiment surrounding the sales miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100