Chesapeake Utilities Q4 Adj EPS $1.64 Beats $1.56 Estimate, Sales $185.34M Miss $234.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities (NYSE:CPK) reported Q4 adjusted EPS of $1.64, surpassing the $1.56 estimate, marking an 11.56% increase from last year. However, sales of $185.34M fell short of the $234.60M estimate, a 1.05% decrease from the previous year.
February 21, 2024 | 9:49 pm
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Chesapeake Utilities reported a Q4 adjusted EPS of $1.64, beating estimates, but sales missed expectations at $185.34M.
The positive earnings beat suggests operational efficiency and could be seen positively by investors. However, the miss on sales forecasts could raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the earnings beat on the stock price in the short term.
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