Canadian Natural Res Q4 Adj. EPS $1.72 Beats $1.60 Estimate, Sales $7.02B Beat $6.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Natural Resources (CNQ) reported Q4 adjusted EPS of $1.72, surpassing the $1.60 estimate, and sales of $7.02B, exceeding the $6.94B estimate. This represents a 17.74% increase in EPS and a 2.70% decrease in sales year-over-year.
February 29, 2024 | 10:25 am
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POSITIVE IMPACT
Canadian Natural Resources (CNQ) exceeded Q4 earnings and sales estimates, with a significant increase in EPS compared to last year.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year growth in EPS further strengthens the case for a positive impact on CNQ's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100