PHX Minerals: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
PHX Minerals (NYSE:PHX) reported Q1 earnings with an EPS of $0.07, surpassing the estimate of $0.04 by 75.0%. However, revenue decreased by $6.49 million compared to the same period last year. The company's past earnings performance shows a mixed track record, with a notable 5.0% share price drop following last quarter's earnings miss.
March 12, 2024 | 8:25 pm
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PHX Minerals reported a significant beat on Q1 earnings estimates but saw a decrease in revenue compared to last year.
The substantial beat on earnings estimates is likely to positively impact investor sentiment and potentially the stock price in the short term, despite the decrease in revenue. Historical data shows that past earnings performance, especially misses, can affect stock price movement. However, the positive earnings surprise could offset concerns about the revenue decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100