SM Energy Q1 2024 Adj EPS $1.41 Beats $1.28 Estimate, Sales $559.870M Beat $558.312M Estimate
Portfolio Pulse from Benzinga Newsdesk
SM Energy (NYSE:SM) reported Q1 2024 earnings of $1.41 per share, surpassing the consensus estimate of $1.28, and sales of $559.870M, slightly above the estimate of $558.312M. This represents a 6.02% increase in earnings per share and a 2.38% decrease in sales compared to the same period last year.
May 02, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SM Energy exceeded Q1 2024 EPS and sales estimates, indicating strong financial performance despite a slight decrease in sales compared to last year.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to an increase in stock price in the short term. The reported growth in EPS and the successful beating of sales forecasts, despite a year-over-year sales decrease, highlight the company's operational efficiency and could bolster investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100