KNOT Offshore Partners Q4 2023 GAAP EPS $(0.16) Down From $0.18 YoY, Sales $73.03M Beat $71.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
KNOT Offshore Partners (NYSE:KNOP) reported a Q4 2023 GAAP EPS of $(0.16), a significant decrease from $0.18 YoY. However, their sales of $73.03M exceeded the $71.33M estimate, marking a 1.98% increase from the previous year.
February 26, 2024 | 9:29 pm
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NEUTRAL IMPACT
KNOT Offshore Partners reported a decrease in EPS to $(0.16) from $0.18 YoY but exceeded sales estimates with $73.03M in Q4 2023.
The decrease in EPS indicates a significant drop in profitability YoY, which could negatively impact investor sentiment. However, the beat on sales estimates and the YoY sales growth might offset some of the negative impact by showing resilience in revenue generation. The mixed results lead to a neutral short-term price direction as the positive sales performance could balance out the negative earnings surprise.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100