Tellurian Q1 2024 GAAP EPS $(0.06), Inline, Sales $25.472M Miss $30.683M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tellurian Inc. (AMEX:TELL) reported Q1 2024 GAAP EPS of $(0.06), meeting analyst consensus but with a 20% decrease from the previous year. Sales were $25.472M, missing the $30.683M estimate and marking a nearly 50% decrease from the previous year.
May 02, 2024 | 12:31 pm
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NEGATIVE IMPACT
Tellurian Inc. reported Q1 2024 earnings with EPS of $(0.06), in line with estimates but down 20% YOY. Sales missed estimates at $25.472M, a nearly 50% decrease YOY.
The reported earnings show a significant decrease in both EPS and sales compared to the previous year. Meeting the EPS estimate but with a decrease indicates a negative trend, while missing sales estimates by a significant margin further emphasizes the company's underperformance. This combination is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100