Talos Energy Q4 Adj. EPS $(0.01) Misses $0.17 Estimate, Sales $384.96M Miss $389.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Talos Energy (TALO) reported a Q4 adjusted EPS of $(0.01), missing the $0.17 estimate, and sales of $384.96M, missing the $389.57M estimate. This represents a 105% decrease in EPS from last year's $0.20, despite a 12.49% increase in sales from $342.20M.
February 29, 2024 | 7:05 am
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NEGATIVE IMPACT
Talos Energy reported a significant miss in Q4 adjusted EPS and slight miss in sales, indicating a challenging quarter.
The miss in both EPS and sales estimates, especially the significant deviation from the expected EPS, suggests a negative short-term impact on TALO's stock price. The reported decrease in EPS compared to the previous year further emphasizes the company's underperformance, likely leading to negative investor sentiment.
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IMPORTANCE 90
RELEVANCE 100