Sempra Energy Q4 Adj. EPS $1.13 Beats $1.12 Estimate, Sales $3.49B Miss $3.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sempra Energy (NYSE:SRE) reported Q4 adjusted EPS of $1.13, slightly above the $1.12 estimate, but saw a 4.24% decrease from last year's earnings. Sales were $3.49B, missing the $3.87B estimate, yet marked a 1.04% increase from the previous year.
February 27, 2024 | 11:58 am
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Sempra Energy reported a mixed Q4 with adjusted EPS slightly above estimates but with a decrease from last year, and sales missing estimates but showing slight growth YoY.
The slight beat in EPS may provide some positive sentiment, but the miss in sales and the decrease in earnings from the previous year could temper any potential upside. The mixed results present a neutral outlook in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100