PBF Energy Q4 2023 Adj EPS $(0.41) Misses $0.08 Estimate, Sales $9.14B Beat $8.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
PBF Energy reported Q4 2023 adjusted EPS of $(0.41), missing the $0.08 estimate, while sales of $9.14B exceeded the $8.65B estimate. This represents a 15.74% decrease in sales compared to the same period last year.
February 15, 2024 | 11:36 am
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PBF Energy's Q4 2023 earnings missed EPS estimates but beat sales forecasts, with a significant year-over-year sales decrease.
Missing the EPS estimate by a significant margin while beating sales forecasts presents a mixed financial picture. However, the substantial year-over-year decrease in sales could negatively impact investor sentiment and stock price in the short term.
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IMPORTANCE 90
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