Riley Exploration Permian Q4 2023 Adj EPS $0.70 Misses $1.60 Estimate, Sales $99.83M Beat $94.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Riley Exploration Permian (REPX) reported Q4 2023 adjusted EPS of $0.70, missing the $1.60 estimate, but sales of $99.83M exceeded the $94.75M estimate, marking a 27.91% increase from the previous year.

March 06, 2024 | 10:08 pm
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NEUTRAL IMPACT
Riley Exploration Permian's Q4 2023 earnings missed EPS estimates but beat revenue forecasts, with a significant year-over-year sales increase.
While the miss on the EPS estimate is negative, the beat on revenue forecasts and the significant year-over-year sales growth could be seen as positive indicators of the company's revenue-generating ability. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100