National Fuel Gas Q2 2024 Adj EPS $1.79 Beats $1.51 Estimate, Sales $629.939M Miss $767.331M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Fuel Gas (NFG) reported Q2 2024 adjusted EPS of $1.79, surpassing the $1.51 estimate, marking an 18.54% beat and a 16.23% increase from the previous year. However, sales of $629.939M fell short of the $767.331M estimate, a 17.91% miss and a 12.17% decrease from the previous year.
May 01, 2024 | 8:56 pm
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NFG's Q2 2024 earnings exceeded expectations with an EPS of $1.79, beating the estimate by 18.54% and showing a 16.23% YOY growth. Sales missed estimates by 17.91%, with a 12.17% YOY decline.
While NFG's EPS beat may positively impact investor sentiment due to better-than-expected profitability, the significant miss in sales forecasts could temper enthusiasm, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100