Northern Oil & Gas Q4 Adj. EPS $1.61 Misses $1.65 Estimate, Sales $543.40M Miss $556.17M Estimate
Portfolio Pulse from Happy Mohamed
Northern Oil & Gas (NOG) reported Q4 adjusted EPS of $1.61, missing the $1.65 estimate, and sales of $543.40M, below the $556.17M estimate. Despite the misses, both earnings and sales increased from the same period last year, by 12.59% and 21.94% respectively.
February 22, 2024 | 9:08 pm
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Northern Oil & Gas reported a Q4 adjusted EPS of $1.61, missing estimates by 2.42%, and sales of $543.40M, missing estimates by 2.30%. However, both metrics showed significant year-over-year growth.
While NOG missed analyst estimates for both EPS and sales, the significant year-over-year growth in both earnings and sales suggests a positive underlying business trend. The miss on estimates may cause short-term price volatility, but the strong growth rates could mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100