Empire Petroleum Q4 Adjusted EPS $(0.24) Down From $(0.06) YoY, Sales $11.17M Up From $10.73M YoY
Portfolio Pulse from Benzinga Newsdesk
Empire Petroleum reported a Q4 adjusted EPS of $(0.24), a 300% decrease from $(0.06) YoY, with sales rising 4.10% to $11.17M from $10.73M YoY.
April 01, 2024 | 10:55 am
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NEGATIVE IMPACT
Empire Petroleum's Q4 adjusted EPS decreased significantly to $(0.24) from $(0.06) YoY, though sales saw a slight increase to $11.17M from $10.73M YoY.
The significant decrease in EPS indicates a substantial drop in profitability, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the slight increase in sales shows some positive business momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100