Obsidian Energy Q1 2024 GAAP EPS $0.15 Misses $1.20 Estimate
Portfolio Pulse from Benzinga Newsdesk
Obsidian Energy reported Q1 2024 GAAP EPS of $0.15, significantly missing the analyst consensus estimate of $1.20 by 87.5%.
May 02, 2024 | 11:12 am
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Obsidian Energy's Q1 2024 earnings per share of $0.15 missed the consensus estimate of $1.20 by a wide margin.
The significant miss in earnings per share (EPS) compared to analyst expectations usually leads to negative investor sentiment in the short term. Given the magnitude of the miss (87.5%), it's likely to have a pronounced negative impact on the stock price as investors adjust their expectations.
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