Equitrans Midstream Q4 2023 Adj EPS $0.32 Beats $0.20 Estimate, Sales $360.61M Miss $366.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equitrans Midstream (ETRN) reported Q4 2023 adjusted EPS of $0.32, surpassing the $0.20 estimate, but its sales of $360.61M fell short of the $366.87M forecast. This represents a 1.51% increase in sales compared to the same period last year.
February 20, 2024 | 11:32 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Equitrans Midstream reported higher-than-expected Q4 2023 EPS but missed sales estimates, showing a slight year-over-year sales growth.
The mixed results with an EPS beat but a miss on sales forecasts could lead to a neutral short-term impact on ETRN's stock price. The EPS beat is positive, indicating operational efficiency or cost management, but the sales miss might raise concerns about growth prospects. The slight year-over-year sales increase indicates some level of growth, which could mitigate negative reactions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100