ONE Gas Q4 2023 GAAP EPS $1.27, Inline, Sales $605.92M Miss $751.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
ONE Gas (NYSE:OGS) reported Q4 2023 earnings of $1.27 per share, meeting analyst estimates. However, its quarterly sales of $605.92M fell short of the $751.77M estimate, marking a 19.40% miss and a 25.95% decrease from the previous year.
February 21, 2024 | 9:28 pm
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ONE Gas reported Q4 2023 earnings per share of $1.27, aligning with estimates, but its sales of $605.92M missed expectations by 19.40%, indicating a significant revenue shortfall.
The alignment of EPS with analyst estimates typically has a neutral to positive impact on stock sentiment. However, the significant miss in sales forecasts, especially by 19.40%, and a notable year-over-year decrease of 25.95% in sales, are likely to have a negative impact on investor sentiment and the stock price in the short term. The revenue shortfall indicates potential underlying issues with demand, pricing, or operational efficiency, which investors may view negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100