Crescent Point Energy Q4 Adj. EPS $0.27 Misses $0.28 Estimate, Sales $695.58M Miss $740.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crescent Point Energy (NYSE:CPG) reported Q4 adjusted EPS of $0.27, missing the $0.28 estimate, and sales of $695.58M, missing the $740.12M estimate. This represents a decrease in both earnings and sales compared to the same period last year.
February 29, 2024 | 11:38 am
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Crescent Point Energy reported a miss in both Q4 adjusted EPS and sales, with a year-over-year decline in performance.
Missing both earnings and sales estimates, especially with a year-over-year decline, typically leads to negative investor sentiment in the short term. Given the direct impact of these results on Crescent Point Energy, it's likely that there will be a negative impact on the stock price in the short term.
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