Unitil Q1 2024 GAAP EPS $1.69 Beats $1.64 Estimate, Sales $178.700M Miss $212.649M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unitil (NYSE:UTL) reported Q1 2024 earnings of $1.69 per share, exceeding the $1.64 estimate, marking an 11.92% increase from last year. However, sales of $178.7M fell short of the $212.649M estimate, a 15.97% miss and an 18.85% decrease from the previous year.
May 07, 2024 | 10:49 am
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Unitil's Q1 2024 earnings surpassed estimates with an EPS of $1.69, a 3.05% beat, and an 11.92% increase YOY. However, sales missed estimates by 15.97%, showing a significant 18.85% decrease from the previous year.
While Unitil's earnings per share exceeded expectations, indicating operational efficiency or cost management success, the significant miss in sales forecasts and the year-over-year decrease could raise concerns about revenue growth and market demand. The mixed results present a neutral outlook in the short term as the positive earnings surprise may be offset by revenue concerns.
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