National Fuel Gas Q1 2024 Adj EPS $1.46 Beats $1.33 Estimate, Sales $525.36M Miss $664.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Fuel Gas (NFG) reported Q1 2024 adjusted EPS of $1.46, surpassing the $1.33 estimate. However, its sales of $525.36M fell short of the $664.57M estimate, marking a 20.26% decrease from the previous year.
February 07, 2024 | 9:46 pm
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NFG's Q1 2024 earnings surpassed EPS estimates but fell short on sales, indicating mixed financial performance.
While NFG's earnings per share exceeded expectations, the significant miss on sales forecasts and a notable year-over-year decrease could concern investors. The mixed results may lead to neutral short-term stock price movement as the market weighs the positive earnings surprise against the sales shortfall.
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