W&T Offshore Q4 2023 Adj EPS $(0.06) Misses $0.01 Estimate, Sales $132.34M Miss $138.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
W&T Offshore (NYSE:WTI) reported Q4 2023 adjusted EPS of $(0.06), missing the $0.01 estimate, with sales of $132.34M also missing the $138.42M estimate. This represents a 30.24% decrease in sales compared to the same period last year.
March 05, 2024 | 10:04 pm
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NEGATIVE IMPACT
W&T Offshore reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially with a 30.24% decrease in sales compared to the previous year, is likely to negatively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100