Vitesse Energy Q1 2024 Adj EPS $0.34 Misses $0.38 Estimate, Sales $61.193M Beat $60.498M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vitesse Energy (NYSE:VTS) reported Q1 2024 earnings of $0.34 per share, missing the consensus estimate of $0.38, a 35.85% decrease from last year. Sales were $61.193M, beating the $60.498M estimate, marking a 5.58% increase from the previous year.
May 06, 2024 | 8:40 pm
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NEUTRAL IMPACT
Vitesse Energy's Q1 2024 earnings missed estimates with a significant decrease from last year, but sales exceeded expectations.
The missed EPS estimate could negatively impact investor sentiment, but the beat on sales might offset this. The significant decrease in earnings YOY is concerning, but the increase in sales shows some positive momentum. Overall, the mixed results lead to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100