PEDEVCO FY23 EPS $0.00 Misses $0.05 Estimate, Sales $30.78M Beat $30.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
PEDEVCO (AMEX:PED) reported Q4 earnings with EPS of $0.00, missing the $0.05 estimate by 98%, and a 96.67% decrease from last year's $0.03. However, sales of $30.78M exceeded estimates by 1.25% and grew 2.5% from last year.

March 18, 2024 | 11:25 am
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NEUTRAL IMPACT
PEDEVCO reported a significant miss in EPS but a slight beat in sales for Q4, indicating mixed financial health.
The significant miss in EPS could concern investors about the company's profitability, potentially putting downward pressure on the stock. However, the slight beat in sales suggests some operational strengths, which might mitigate negative sentiment. Given these mixed signals, the short-term impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100