NuStar Energy Q4 Adj. EPS $0.37 Beats $0.27 Estimate, Sales $451.69M Beat $433.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
NuStar Energy (NYSE:NS) reported Q4 adjusted EPS of $0.37, surpassing the $0.27 estimate, marking a 37.04% beat and an 8.82% increase from last year's $0.34. Sales reached $451.69M, exceeding the $433.69M estimate by 4.15% and showing a 5.05% increase from the previous year's $429.96M.
February 15, 2024 | 11:47 am
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NuStar Energy reported a significant beat on both earnings per share and sales estimates for Q4, with EPS at $0.37 against a $0.27 estimate and sales of $451.69M against a $433.69M estimate.
Beating both EPS and sales estimates significantly, especially in a consistent manner from the previous year, indicates strong financial health and operational efficiency. This outperformance is likely to instill investor confidence, potentially leading to a positive short-term impact on NuStar Energy's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100