Chord Energy Q4 Adj. EPS $5.25 Beats $4.97 Estimate, Sales $830.16M Miss $868.68M Estimate
Portfolio Pulse from Happy Mohamed
Chord Energy (NASDAQ:CHRD) reported Q4 adjusted EPS of $5.25, surpassing the $4.97 estimate, but its sales of $830.16M fell short of the $868.68M estimate. This represents a slight decrease in earnings and a 6.52% drop in sales from the same period last year.
February 21, 2024 | 10:29 pm
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Chord Energy reported a Q4 adjusted EPS of $5.25, beating estimates, but missed sales forecasts with $830.16M. Earnings slightly decreased, and sales dropped 6.52% from last year.
While Chord Energy exceeded EPS estimates, the miss on sales forecasts and the year-over-year decrease in both earnings and sales could lead to mixed investor sentiment. The positive EPS surprise is offset by the sales miss and slight earnings decrease, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100