OGE Energy Q1 2024 GAAP EPS $0.09 Misses $0.20 Estimate, Sales $596.800 Miss $697.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
OGE Energy reported Q1 2024 earnings of $0.09 per share, missing the consensus estimate of $0.20 by 55%. Quarterly sales were $596.8 million, missing the estimate of $697 million and marking a significant decrease from the previous year.
May 01, 2024 | 11:10 am
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NEGATIVE IMPACT
OGE Energy's Q1 2024 earnings and sales significantly missed analyst estimates, indicating potential short-term negative impact on its stock price.
Missing both earnings and sales estimates by significant margins can lead to negative investor sentiment and a potential decrease in stock price in the short term. The reported decrease in sales compared to the previous year further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100