Pioneer Natural Resources Q1 2024 GAAP EPS $4.57 Misses $4.95 Estimate, Sales $3.287B Miss $4.185B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pioneer Natural Resources (PXD) reported Q1 2024 earnings of $4.57 per share, missing the $4.95 estimate, and sales of $3.287B, missing the $4.185B estimate. This represents a 3.82% increase in sales compared to the same period last year.
May 02, 2024 | 10:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pioneer Natural Resources missed Q1 2024 earnings and sales estimates, with a slight increase in sales compared to last year.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment and PXD's stock price in the short term. However, the increase in sales year-over-year may provide some buffer against a significant drop.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100