Cheniere Energy Q1 2024 GAAP EPS $2.13 Misses $2.16 Estimate, Sales $4.253B Beat $3.970B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy (AMEX:LNG) reported Q1 2024 earnings of $2.13 per share, missing the $2.16 estimate, a 90.36% decrease from last year. Sales were $4.253B, beating the $3.970B estimate but marking a 41.82% decrease from the previous year.
May 03, 2024 | 11:33 am
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Cheniere Energy's Q1 2024 earnings per share of $2.13 missed estimates by 1.39%, with a significant 90.36% decrease from the previous year. However, sales of $4.253B exceeded expectations, despite a 41.82% YOY decrease.
The missed EPS estimate and significant year-over-year decrease in earnings per share are likely to negatively impact investor sentiment in the short term, despite the sales beat. The substantial decrease in both earnings and sales from the previous year highlights potential challenges in the company's operations or market conditions, which could further pressure the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100