Coterra Energy Q4 Adj EPS $0.52 Misses $0.55 Estimate, Sales $1.60B Beat $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coterra Energy (NYSE:CTRA) reported Q4 adjusted EPS of $0.52, missing the $0.55 estimate, and sales of $1.60B, beating the $1.53B estimate. This represents a 55.17% decrease in earnings and a 30.00% decrease in sales from the same period last year.
February 22, 2024 | 9:06 pm
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NEGATIVE IMPACT
Coterra Energy reported a Q4 adjusted EPS of $0.52, missing estimates, and sales of $1.60B, exceeding expectations. Earnings and sales saw significant decreases from the previous year.
The miss in EPS expectations and the significant year-over-year decrease in both earnings and sales are likely to negatively impact investor sentiment towards CTRA in the short term. While the beat on sales estimates might offer some support, the overall negative earnings report is expected to weigh more heavily on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100