Recap: PEDEVCO Q4 Earnings
Portfolio Pulse from Benzinga Insights
PEDEVCO (AMEX:PED) reported its Q4 earnings, missing estimated earnings by 100% with an EPS of $0.0 versus an estimate of $0.01. Revenue increased by $817 thousand from the previous year. The company's past earnings miss was followed by a 1.0% drop in share price the next day.
March 18, 2024 | 11:20 am
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PEDEVCO reported a significant miss in Q4 earnings with an EPS of $0.0 against an estimate of $0.01, though revenue increased by $817 thousand from the previous year.
Given the significant miss in estimated earnings and the historical context of a share price drop following an earnings miss, it's likely that PED's stock price will face downward pressure in the short term. The increase in revenue may provide some buffer, but the missed earnings expectation is a critical factor.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100