Vermilion Energy Q4 GAAP EPS $0.96 Beats $0.52 Estimate, Sales $384.25M Miss $440.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vermilion Energy (NYSE:VET) reported Q4 GAAP EPS of $0.96, surpassing the $0.52 estimate, but its sales of $384.25M fell short of the $440.69M estimate. This represents a 46.67% decrease in earnings and a 38.75% decrease in sales from the same period last year.
March 07, 2024 | 3:02 am
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Vermilion Energy's Q4 earnings exceeded expectations with an EPS of $0.96 against a $0.52 estimate, but sales missed forecasts, totaling $384.25M versus the expected $440.69M.
While the EPS beat is positive, the significant miss on sales forecasts and the year-over-year decrease in both earnings and sales could lead to mixed investor sentiment. The positive EPS surprise may support the stock price, but the sales miss and declines could apply downward pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100