Excelerate Energy Q4 2023 Adj EPS $0.14 Misses $0.18 Estimate, Sales $240.06M Miss $331.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Excelerate Energy (NYSE:EE) reported Q4 2023 adjusted EPS of $0.14, missing the $0.18 estimate, and sales of $240.06M, missing the $331.17M estimate. This represents a 47.25% decrease in sales compared to the same period last year.
February 28, 2024 | 9:56 pm
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Excelerate Energy reported a significant miss in both EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales expectations, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Excelerate Energy in the short term. The magnitude of the miss and the comparison to last year's performance highlight operational and possibly market challenges that could concern investors.
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