Flex LNG Q4 Adj. EPS $0.70 Beats $0.67 Estimate, Sales $97.23M Miss $98.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex LNG (NYSE:FLNG) reported Q4 adjusted EPS of $0.70, surpassing the $0.67 estimate, but its sales of $97.23M fell short of the $98.38M estimate. This represents a 31.37% decrease in earnings and a 0.71% decrease in sales from the same period last year.
February 07, 2024 | 6:55 am
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NEUTRAL IMPACT
Flex LNG reported a mixed Q4 with adjusted EPS beating estimates but sales missing expectations, indicating a decrease in earnings and sales from the previous year.
The mixed results with an earnings beat but a slight miss in sales forecasts could lead to neutral market sentiment in the short term. The decrease in earnings and sales from the previous year might concern investors, but the earnings beat could offset negative perceptions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100