Murphy USA Q1 2024 GAAP EPS $3.12 Misses $4.50 Estimate, Sales $4.844B Miss $4.888B Estimate
Portfolio Pulse from Benzinga Newsdesk
Murphy USA reported Q1 2024 earnings of $3.12 per share, missing the $4.50 estimate, and sales of $4.844B, missing the $4.888B estimate. This represents a decrease from the previous year's earnings and sales.
May 01, 2024 | 9:19 pm
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NEGATIVE IMPACT
Murphy USA's Q1 2024 earnings and sales both missed analyst estimates, with a significant decrease in earnings per share and a slight miss in sales compared to last year.
The miss in both earnings per share and sales estimates, especially the significant drop in EPS compared to the previous year, is likely to negatively impact investor sentiment and could lead to a short-term decrease in Murphy USA's stock price. The magnitude of the miss and the year-over-year decline in performance are critical factors that investors will likely consider.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100