Callon Petroleum Q4 EPS $1.62 Beats $1.61 Estimate
Portfolio Pulse from Happy Mohamed
Callon Petroleum (NYSE:CPE) reported Q4 earnings of $1.62 per share, slightly beating the consensus estimate of $1.61. This represents a 51.79% decrease from the $3.36 per share earned in the same quarter last year.
February 26, 2024 | 9:37 pm
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Callon Petroleum reported Q4 earnings of $1.62 per share, surpassing the consensus estimate of $1.61 but showing a significant decrease from last year's $3.36 per share.
While Callon Petroleum managed to slightly beat the consensus earnings estimate, the significant year-over-year decrease in earnings per share could negatively impact investor sentiment and the stock price in the short term.
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