Evolution Petroleum Q2 Adj EPS $0.03 Misses $0.09 Estimate, Sales $21.02M Miss $22.77M Estimate
Portfolio Pulse from mahesh@benzinga.com
Evolution Petroleum (AMEX:EPM) reported Q2 adjusted EPS of $0.03, missing the $0.09 estimate, and sales of $21.02M, below the $22.77M estimate. This represents a significant decrease from the previous year's earnings and sales.
February 06, 2024 | 9:37 pm
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NEGATIVE IMPACT
Evolution Petroleum's Q2 earnings and sales missed estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates significantly, especially with such a large year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100