CVR Energy Q1 2024 Adj EPS $0.04 Misses $0.18 Estimate, Sales $1.863B Miss $1.960B Estimate
Portfolio Pulse from Benzinga Newsdesk
CVR Energy (NYSE:CVI) reported Q1 2024 adjusted EPS of $0.04, missing estimates by 77.78% and marking a 97.22% decrease from the previous year. Sales were $1.863B, missing estimates by 4.96% and down 18.50% from the previous year.
April 29, 2024 | 9:00 pm
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NEGATIVE IMPACT
CVR Energy reported significantly lower Q1 2024 earnings and sales, missing analyst estimates.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100