ONE Gas Q1 EPS $1.75 Misses $1.76 Estimate, Sales $758.30M Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
ONE Gas (NYSE:OGS) reported Q1 earnings of $1.75 per share, missing the consensus estimate of $1.76, and sales of $758.30M, missing the $1.05B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
May 06, 2024 | 8:18 pm
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ONE Gas reported lower than expected Q1 earnings and sales, missing analyst estimates and showing a decrease from last year's figures.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment in the short term. The reported figures indicate a downturn in the company's financial performance, which could lead to a decrease in stock price as investors adjust their expectations.
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IMPORTANCE 90
RELEVANCE 100