HighPeak Energy Q4 2023 GAAP EPS $0.660 Beats $0.650 Estimate, Sales $301.153M Miss $339.525M Estimate
Portfolio Pulse from Benzinga Newsdesk
HighPeak Energy (HPK) reported Q4 2023 earnings of $0.660 per share, slightly above the $0.650 estimate. However, their sales of $301.153M fell short of the expected $339.525M, marking an 11.30% miss but a 16.76% increase from the previous year.
March 06, 2024 | 9:03 pm
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HighPeak Energy reported higher than expected Q4 2023 EPS at $0.660 but missed sales estimates with $301.153M, showing growth from last year.
While HPK's EPS beat may positively impact investor sentiment, the significant miss on sales estimates could temper any potential stock price gains. The mixed results present a neutral short-term outlook, as the earnings beat is offset by the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100