EnLink Midstream Q4 2023 GAAP EPS $0.14, Inline, Sales $1.86B Miss $2.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
EnLink Midstream (NYSE:ENLC) reported Q4 2023 earnings of $0.14 per share, meeting analyst estimates but marking a 57.58% decrease from the previous year. Sales were $1.86 billion, missing the $2.16 billion estimate and showing a 9.46% decrease from the previous year.
February 20, 2024 | 10:05 pm
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EnLink Midstream reported Q4 2023 earnings per share of $0.14, in line with estimates but a significant decrease from the previous year. Sales missed estimates, coming in at $1.86 billion.
The reported earnings per share met analyst expectations, which might mitigate some negative impact. However, the significant year-over-year decrease in earnings and the miss on sales estimates are likely to negatively affect investor sentiment and the stock price in the short term.
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