PHX Minerals Q1 2024 GAAP EPS $0.07, Inline, Sales $11.783M Beat $10.382M Estimate
Portfolio Pulse from Benzinga Newsdesk
PHX Minerals (NYSE:PHX) reported Q1 2024 earnings of $0.07 per share, meeting analyst estimates. Quarterly sales were $11.783M, surpassing the $10.382M estimate by 13.50%, but represented a 35.51% decrease from the previous year's $18.270M.
March 12, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
PHX Minerals reported Q1 2024 earnings per share of $0.07, aligning with analyst expectations, and sales of $11.783M, exceeding estimates but showing a significant year-over-year decline.
While PHX Minerals met EPS estimates and exceeded sales forecasts for Q1 2024, the significant year-over-year sales decline may temper investor enthusiasm. The alignment with EPS estimates suggests operational stability, but the revenue drop indicates potential challenges in maintaining growth. This mixed performance could lead to neutral short-term stock price movement as investors weigh the positive sales beat against the concerning revenue trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100