Vermilion Energy Q1 2024 GAAP EPS $0.01 Misses $1.15 Estimate, Sales $376.927M Miss $646.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vermilion Energy reported Q1 2024 earnings of $0.01 per share, missing the $1.15 estimate by 99.13%, and a 99.42% decrease from last year's $1.73. Sales were $376.927M, missing the $646.750M estimate by 41.72%, and a 7.81% decrease from last year's $408.840M.

May 01, 2024 | 9:52 pm
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NEGATIVE IMPACT
Vermilion Energy's Q1 2024 earnings and sales significantly missed estimates, indicating a substantial decrease in performance compared to the previous year.
The significant miss in both earnings per share and sales compared to analyst estimates and the previous year's figures suggests a negative short-term impact on Vermilion Energy's stock price. The magnitude of the miss in earnings, with a 99.13% shortfall from expectations, and a 41.72% miss in sales forecasts, indicates a substantial underperformance that could lead to decreased investor confidence and downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100