Vertex Energy Q4 EPS $(0.84) Misses $(0.14) Estimate
Portfolio Pulse from Benzinga Newsdesk
Vertex Energy (NASDAQ:VTNR) reported a significant quarterly loss of $(0.84) per share, missing the analyst consensus estimate of $(0.14) by 500%. This represents a 1300% decrease from the $0.07 per share earnings reported in the same period last year.
February 28, 2024 | 11:07 am
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NEGATIVE IMPACT
Vertex Energy reported a significant quarterly loss of $(0.84) per share, missing estimates by a wide margin and marking a drastic decrease from the previous year.
The substantial miss in earnings per share (EPS) and the significant decrease from the previous year's earnings are likely to negatively impact investor sentiment and the stock price of Vertex Energy in the short term. Missing the analyst consensus estimate by 500% and reporting a 1300% decrease from the previous year's earnings highlight operational challenges and could lead to a lack of confidence among investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100