New Fortress Energy Q4 Adj. EPS $1.01 Beats $0.78 Estimate, Sales $758.40M Beat $657.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Fortress Energy (NFE) reported Q4 adjusted EPS of $1.01, surpassing the $0.78 estimate, and sales of $758.40M, exceeding the $657.72M estimate. This represents a 16.09% increase in earnings and a 38.81% increase in sales from the same period last year.

February 29, 2024 | 12:05 pm
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POSITIVE IMPACT
New Fortress Energy reported a significant beat on both earnings and sales estimates for Q4, with a notable year-over-year growth in both metrics.
Beating both earnings and sales estimates by a considerable margin, especially with significant year-over-year growth, is likely to be viewed positively by investors. This could lead to increased investor confidence and a potential short-term uptick in NFE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100