Amplify Energy Q4 EPS $1.07, Sales $78.98M Beat $76.22M Estimate
Portfolio Pulse from Happy Mohamed
Amplify Energy (NYSE:AMPY) reported Q4 earnings of $1.07 per share, surpassing the consensus estimate of $0.18 by 494.44%. Year-over-year, this represents a 44.59% increase from $0.74 per share. Q4 sales were $78.98M, exceeding estimates of $76.22M by 3.63%, despite a 20.17% decrease from $98.95M in the same period last year.
March 06, 2024 | 9:10 pm
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POSITIVE IMPACT
Amplify Energy reported a significant beat on Q4 earnings and sales, with earnings per share at $1.07, far exceeding the $0.18 estimate, and sales of $78.98M surpassing the $76.22M estimate.
The substantial beat on both earnings per share and sales estimates for Q4 indicates a strong financial performance by Amplify Energy, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100