Talos Energy Q1 2024 Adj EPS $(0.13) Misses $(0.10) Estimate, Sales $429.932M Beat $406.265M Estimate
Portfolio Pulse from Benzinga Newsdesk
Talos Energy (NYSE:TALO) reported Q1 2024 earnings with an adjusted EPS of $(0.13), missing the $(0.10) estimate, and sales of $429.932M, beating the $406.265M estimate. This represents a 1200% decrease in EPS and a 33.28% increase in sales from the same period last year.
May 06, 2024 | 9:15 pm
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Talos Energy reported a significant miss in EPS but exceeded sales estimates for Q1 2024, indicating mixed financial health.
The miss in EPS by 30% could concern investors about profitability, potentially pressuring the stock price. However, the beat on sales estimates by 5.83% and a significant year-over-year sales increase might offset concerns, suggesting a mixed short-term impact on the stock.
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