Chesapeake Energy Q1 2024 Adj EPS $0.56 Misses $0.60 Estimate
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Energy reported its Q1 2024 adjusted earnings per share (EPS) of $0.56, which fell short of the analyst estimate of $0.60.
April 30, 2024 | 8:03 pm
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NEGATIVE IMPACT
Chesapeake Energy's Q1 2024 adjusted EPS of $0.56 did not meet the analyst expectations of $0.60.
Missing earnings estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100