Genesis Energy Q4 EPS $(0.08) Misses $0.23 Estimate, Sales $774.10M Beat $401.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genesis Energy (NYSE:GEL) reported a Q4 EPS of $(0.08), missing the $0.23 estimate, representing a 153.33% decrease from last year. However, their sales of $774.10M exceeded the $401.53M estimate, marking an 8.41% increase from the previous year.

February 15, 2024 | 11:02 am
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NEUTRAL IMPACT
Genesis Energy reported a significant miss on EPS but exceeded sales estimates in Q4, indicating mixed financial health.
The significant miss on EPS could concern investors about profitability, potentially putting downward pressure on the stock. However, the substantial beat on sales estimates suggests strong revenue growth, which could counterbalance the negative EPS impact. The mixed results make the short-term stock direction uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100