Helmerich & Payne Q2 2024 Adj EPS $0.84 Misses $0.85 Estimate, Sales $687.943M Beat $680.677M Estimate
Portfolio Pulse from Benzinga Newsdesk
Helmerich & Payne (NYSE:HP) reported Q2 2024 earnings of $0.84 per share, missing the consensus estimate of $0.85 by 1.18%. Sales were $687.943M, beating estimates of $680.677M by 1.07%, but represented a 10.57% decrease from the same period last year.
April 24, 2024 | 8:18 pm
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Helmerich & Payne reported Q2 2024 earnings of $0.84 per share, missing estimates by 1.18%, with sales of $687.943M beating estimates but down 10.57% YOY.
The slight miss in earnings per share (EPS) could be seen negatively by investors, but the beat on sales estimates might offset this view. The year-over-year decrease in sales indicates potential challenges in growth, which could concern investors. However, the close miss in EPS and the beat on sales estimates suggest a mixed impact on the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100