Enterprise Prods Partners Q1 2024 GAAP EPS $0.66 Misses $0.67 Estimate, Sales $14.760B Beat $14.230B Estimate
Portfolio Pulse from Benzinga Newsdesk
Enterprise Prods Partners (EPD) reported Q1 2024 earnings of $0.66 per share, missing the estimate of $0.67 by 1.49%. Sales were $14.760B, beating the $14.230B estimate, marking an 18.61% increase from the previous year.
April 30, 2024 | 10:02 am
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NEUTRAL IMPACT
EPD's Q1 2024 earnings slightly missed EPS estimates but showed strong sales growth, beating revenue estimates.
The slight miss in EPS might concern some investors, but the significant beat in sales and year-over-year growth is likely to be viewed positively, balancing out potential short-term impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100