BP Q1 2024 Adj EPS $0.97 Misses $0.98 Estimate, Sales $48.880 Miss $55.076B Estimate
Portfolio Pulse from Benzinga Newsdesk
BP reported Q1 2024 adjusted EPS of $0.97, missing the $0.98 estimate, and sales of $48.880 billion, missing the $55.076 billion estimate. This represents a 41.57% decrease in earnings and a significant decrease in sales from the same period last year.
May 07, 2024 | 6:43 am
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NEGATIVE IMPACT
BP's Q1 2024 earnings and sales missed estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with such a significant year-over-year decline, is likely to negatively impact investor sentiment and BP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100