Kimbell Royalty Partners Q4 EPS $0.14 Misses $0.26 Estimate, Sales $99.20M Beat $83.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimbell Royalty Partners (KRP) reported Q4 earnings of $0.14 per share, missing the consensus estimate of $0.26, a 70.83% decrease from last year. However, their sales of $99.20M exceeded estimates by 18.30%, marking a 44.45% increase from the previous year.
February 21, 2024 | 12:01 pm
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KRP missed Q4 EPS estimates at $0.14, a significant decrease from last year, but surpassed revenue expectations with $99.20M, indicating strong sales growth.
The missed EPS estimate and significant decrease in earnings YOY could negatively impact investor sentiment towards KRP in the short term. However, the substantial beat on revenue estimates and strong YOY sales growth may offset some of the negative impact, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100