SM Energy Q4 2023 Adj EPS $1.56 Beats $1.38 Estimate, Sales $608.73M Beat $608.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
SM Energy (NYSE:SM) reported Q4 2023 adjusted EPS of $1.56, surpassing the $1.38 estimate, marking a 20.93% increase from the previous year. Sales reached $608.73M, slightly above the $608.67M estimate but represent a 9.32% decrease from the previous year.
February 21, 2024 | 9:43 pm
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SM Energy reported a strong Q4 2023 performance with adjusted EPS of $1.56, beating estimates, and sales of $608.73M, slightly above expectations.
The positive earnings surprise and slight sales beat indicate a strong quarter for SM Energy, likely leading to a positive short-term impact on its stock price. The year-over-year sales decrease is a concern, but the earnings growth and beat may outweigh this in investors' eyes.
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