Eni Q4 Adj EPS $1.05 Down From $1.51 YoY, Sales $26.50B Down From $31.90B YoY
Portfolio Pulse from Benzinga Newsdesk
Eni (NYSE:E) reported a decrease in Q4 earnings per share to $1.05 from $1.51 YoY, and a sales decline to $26.50B from $31.90B YoY, indicating a 30.13% decrease in EPS and a 16.91% decrease in sales.
February 16, 2024 | 9:56 am
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NEGATIVE IMPACT
Eni reported a significant decrease in both earnings per share and sales in Q4, with EPS down 30.13% and sales down 16.91% YoY.
The reported decrease in both earnings per share and sales for Eni is significant and likely to negatively impact investor sentiment in the short term. A 30.13% decrease in EPS and a 16.91% decrease in sales are substantial declines that could lead to a decrease in stock price as investors react to the company's reduced profitability and revenue.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100