Southwestern Energy Q4 EPS $0.17 Beats $0.13 Estimate, Sales $1.69B Beat $1.30B Estimate
Portfolio Pulse from Happy Mohamed
Southwestern Energy (NYSE:SWN) reported Q4 earnings of $0.17 per share, surpassing the $0.13 estimate, and sales of $1.69B, exceeding the $1.30B estimate. However, this represents a 34.62% decrease in earnings and a 49.94% decrease in sales from the same period last year.
February 22, 2024 | 10:10 pm
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Southwestern Energy reported higher-than-expected Q4 earnings and sales, but with significant decreases from the previous year.
The positive earnings and sales beat could lead to a short-term positive sentiment among investors, despite the year-over-year declines. The significant beat on both earnings and sales estimates is likely to be viewed favorably in the short term, although the declines from the previous year might temper long-term expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100