Granite Ridge Resources Q4 2023 GAAP EPS $0.200, Inline, Sales $106.798M Beat $105.345M Estimate
Portfolio Pulse from Benzinga Newsdesk
Granite Ridge Resources (NYSE:GRNT) reported Q4 2023 earnings of $0.200 per share, meeting analyst estimates but marking a 47.37% decrease from the previous year. Sales reached $106.798M, exceeding expectations by 1.38% but showing an 8.20% decrease year-over-year.
March 07, 2024 | 9:36 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Granite Ridge Resources reported Q4 2023 earnings per share of $0.200, in line with estimates, and a 47.37% decrease from last year. Sales were $106.798M, slightly above estimates but down 8.20% YOY.
While GRNT met EPS estimates and slightly exceeded sales forecasts, the significant year-over-year decreases in both earnings and sales could temper investor enthusiasm. The alignment with EPS estimates suggests stability, but the decline in performance year-over-year introduces caution, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100