UGI Q2 2024 Adj EPS $1.97 Beats $1.64 Estimate, Sales $2.467B Miss $3.067B Estimate
Portfolio Pulse from Benzinga Newsdesk
UGI Corporation reported Q2 2024 adjusted EPS of $1.97, surpassing the $1.64 estimate, marking a 20.12% beat and a 17.26% increase from the previous year. However, their sales of $2.467B fell short of the $3.067B estimate, a 19.56% miss and a 20.57% decrease from the previous year.

May 01, 2024 | 8:45 pm
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NEUTRAL IMPACT
UGI's Q2 2024 earnings exceeded expectations with an adjusted EPS of $1.97, a significant beat and year-over-year growth. However, sales underperformed, missing estimates by a notable margin.
UGI's earnings beat is likely to be viewed positively by investors due to the significant outperformance in EPS, indicating operational efficiency and profitability. However, the miss in sales forecasts could raise concerns about demand and market conditions, potentially offsetting some of the positive sentiment from the earnings beat. The mixed results present a neutral short-term outlook for UGI's stock price, as the market balances the positive earnings surprise against the sales shortfall.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100