Gulfport Energy Q1 2024 Adj EPS $3.77 Misses $4.39 Estimate, Sales $283.229M Miss $292.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gulfport Energy reported Q1 2024 adjusted EPS of $3.77, missing the $4.39 estimate, and sales of $283.229M, below the $292.500M estimate. This represents a significant decrease from the same period last year, with earnings down 47.2% and sales down 61.27%.
April 30, 2024 | 8:41 pm
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NEGATIVE IMPACT
Gulfport Energy's Q1 2024 earnings and sales missed estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates significantly, especially with such a steep year-over-year decline, is likely to negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100