Southwest Gas Hldgs Q4 Adj EPS $1.13 Beats $1.12 Estimate
Portfolio Pulse from Benzinga Newsdesk
Southwest Gas Holdings reported its Q4 adjusted earnings per share (EPS) at $1.13, slightly above the analyst consensus estimate of $1.12, marking a 0.89% beat. However, this represents a 2.59% decrease from the $1.16 EPS reported in the same quarter of the previous year.
February 28, 2024 | 1:03 pm
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Southwest Gas Holdings reported a Q4 adjusted EPS of $1.13, surpassing the consensus estimate of $1.12 but showing a year-over-year decline of 2.59% from $1.16.
While the slight beat on analyst estimates for Q4 EPS could be seen as a positive signal, the year-over-year decline in earnings might temper investor enthusiasm. The mixed results suggest a neutral short-term impact on SWX's stock price, as investors weigh the better-than-expected performance against the earnings decrease.
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