US Energy Q4 EPS $(0.78) Misses $(0.03) Estimate, Sales $7.32M Miss $8.87M Estimate
Portfolio Pulse from mahesh@benzinga.com
US Energy (NASDAQ:USEG) reported a significant miss in both earnings and revenue for Q4. Earnings per share (EPS) were $(0.78), missing the $(0.03) estimate by 2500%, and a 1014.29% decrease from last year's $(0.07) per share. Revenue was $7.32M, missing the $8.87M estimate by 17.43%, and a 29.40% decrease from last year's $10.37M.
March 26, 2024 | 9:50 pm
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US Energy's Q4 earnings and revenue significantly missed estimates, indicating potential challenges ahead.
The significant miss in both earnings per share and revenue compared to analyst estimates suggests underlying challenges in the company's operations or market conditions. Such a miss, especially being 2500% off the EPS estimate and a 29.40% decrease in revenue year-over-year, is likely to shake investor confidence and could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100