Ring Energy Q1 2024 GAAP EPS $0.10, Inline, Sales $94.503M Beat $91.158M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ring Energy (AMEX:REI) reported Q1 2024 earnings of $0.10 per share, meeting analyst estimates, with a 23.08% decrease from the previous year. Sales were $94.503M, beating estimates by 3.67% and marking a 7.29% increase from the previous year.
May 06, 2024 | 9:57 pm
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POSITIVE IMPACT
Ring Energy reported Q1 2024 earnings of $0.10 per share, in line with estimates, and sales of $94.503M, exceeding expectations.
Meeting EPS estimates while exceeding sales forecasts suggests operational efficiency and market strength, likely leading to positive investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100