Canadian Natural Res Q1 2024 Adj EPS $1.02 Misses $1.46 Estimate, Sales $6.116B Miss $7.716B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Natural Resources (CNQ) reported Q1 2024 adjusted EPS of $1.02, missing the $1.46 estimate, and sales of $6.116B, below the $7.716B estimate. This represents a 4.20% decrease in sales compared to the same period last year.
May 02, 2024 | 9:05 am
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NEGATIVE IMPACT
Canadian Natural Resources (CNQ) missed Q1 2024 earnings and sales estimates, with a notable year-over-year decrease in sales.
Missing both earnings and sales estimates significantly, especially with a year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100