Permian Resources Q4 2023 GAAP EPS $0.51 Beats $0.34 Estimate, Sales $1.12B Beat $1.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Permian Resources (NYSE:PR) reported Q4 2023 earnings of $0.51 per share, surpassing the $0.34 estimate by 50%. Sales reached $1.12B, exceeding the $1.09B estimate by 3.41% and marking a 47.46% increase from the previous year.
February 27, 2024 | 9:25 pm
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POSITIVE IMPACT
Permian Resources reported a significant beat on both earnings per share and sales for Q4 2023, with a 50% beat on EPS estimates and a 3.41% beat on sales estimates.
The substantial beat on both earnings per share and sales estimates for Permian Resources indicates strong operational performance and could lead to positive investor sentiment in the short term. The 47.46% year-over-year increase in sales further underscores the company's growth trajectory, likely contributing to an upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100