Magnolia Oil & Gas: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Magnolia Oil & Gas (NYSE:MGY) reported Q4 earnings with an EPS of $0.52, missing estimates by 1.89% and experiencing a revenue decline of $26.41 million year-over-year. Despite past earnings misses, the company's share price increased by 3.45% the day after last quarter's earnings were announced.
February 14, 2024 | 9:05 pm
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Magnolia Oil & Gas reported a Q4 EPS of $0.52, missing estimates by 1.89%, with a significant year-over-year revenue decline.
The miss in earnings estimates and the year-over-year revenue decline are likely to negatively impact investor sentiment in the short term. However, the company's history of share price resilience post-earnings miss could mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100