Plains GP Holdings Q1 2024 GAAP EPS $0.21 Misses $0.34 Estimate, Sales $11.995B Miss $12.791B Estimate
Portfolio Pulse from Benzinga Newsdesk
Plains GP Holdings (NASDAQ:PAGP) reported Q1 2024 earnings of $0.21 per share, missing the $0.34 estimate, a 40% decrease from last year. Sales were $11.995B, missing the $12.791B estimate, a 2.8% decrease from last year.
May 03, 2024 | 11:33 am
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NEGATIVE IMPACT
Plains GP Holdings reported lower than expected Q1 2024 earnings and sales, missing estimates and showing year-over-year declines.
Missing both earnings and sales estimates significantly, especially with a 40% decrease in earnings per share from the previous year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100