Southwestern Energy Q1 Adj $0.12 Misses $0.14 Estimate, Sales $1.42B Beat $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southwestern Energy (NYSE:SWN) reported Q1 earnings of $0.12 per share, missing the $0.14 estimate, and sales of $1.42B, beating the $1.27B estimate. Earnings decreased by 61.29% and sales by 33.10% from the same period last year.
May 02, 2024 | 8:21 pm
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Southwestern Energy reported lower than expected Q1 earnings at $0.12 per share, missing estimates by 14.29%, but surpassed sales estimates with $1.42B. Year-over-year, earnings and sales saw significant declines.
The miss in earnings per share (EPS) expectations is likely to negatively impact investor sentiment in the short term, despite the beat on sales estimates. The significant year-over-year decline in both earnings and sales further compounds the negative outlook, suggesting potential challenges in the company's operational efficiency or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100