EOG Resources Q1 2024 Adj EPS $2.82 Beats $2.71 Estimate, Sales $6.123B Beat $5.920B Estimate
Portfolio Pulse from Benzinga Newsdesk
EOG Resources reported Q1 2024 adjusted earnings of $2.82 per share, surpassing the $2.71 estimate, and sales of $6.123B, exceeding the $5.920B estimate. This represents a 4.83% increase in earnings and a 1.31% increase in sales from the same period last year.
May 02, 2024 | 8:17 pm
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EOG Resources exceeded Q1 2024 earnings and sales estimates, with a 4.83% increase in earnings per share and a 1.31% increase in sales year-over-year.
EOG Resources' surpassing both earnings and sales estimates for Q1 2024 indicates strong financial performance and operational efficiency. This positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptick in EOG's stock price. The year-over-year growth in earnings and sales further solidifies the company's upward trajectory, making it an attractive asset for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100