Hess Q1 2024 GAAP EPS $3.16 Beats $1.69 Estimate, Sales $3.341B Beat $2.693B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hess Corporation (NYSE:HES) reported Q1 2024 earnings of $3.16 per share, surpassing the $1.69 estimate by 86.98%, and a 179.65% increase from last year. Sales reached $3.341B, beating the $2.693B estimate by 24.04%, a 36.20% increase from the previous year.
April 25, 2024 | 11:38 am
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Hess Corporation reported a significant beat on both earnings per share and sales for Q1 2024, with EPS at $3.16 and sales at $3.341B, exceeding estimates.
The substantial beat on both earnings per share and sales estimates for Hess Corporation indicates strong financial performance and operational efficiency. This outperformance, especially with an 86.98% beat on EPS estimates and a 24.04% beat on sales estimates, is likely to instill investor confidence and could lead to a positive short-term impact on HES stock price. The significant year-over-year growth in earnings and sales further underscores the company's upward trajectory, making it an attractive asset for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100