Equinor Q1 2024 Adj EPS $0.96 Beats $0.80 Estimate, Sales $24.789B Beat $22.240B Estimate
Portfolio Pulse from Benzinga Newsdesk
Equinor (NYSE:EQNR) reported Q1 2024 adjusted EPS of $0.96, surpassing the $0.80 estimate, with sales of $24.789B also beating the $22.240B estimate. However, both earnings and sales saw a decrease compared to the same period last year.
April 25, 2024 | 5:08 am
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POSITIVE IMPACT
Equinor's Q1 2024 earnings and sales exceeded analyst expectations, with adjusted EPS at $0.96 against an $0.80 estimate and sales reaching $24.789B, surpassing the $22.240B forecast.
Equinor's better-than-expected Q1 2024 earnings and sales figures are likely to positively impact its stock price in the short term. The significant beat on both EPS and sales estimates, despite a year-on-year decrease, demonstrates the company's strong performance relative to market expectations. This positive surprise can lead to increased investor confidence and potentially drive up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100