Sempra Energy Q1 2024 GAAP EPS $1.34, Inline, Sales $3.64B Miss $5.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sempra Energy (NYSE:SRE) reported Q1 2024 earnings of $1.34 per share, meeting analyst estimates, but its sales of $3.64 billion fell short of the expected $5.58 billion, marking a 34.73% miss and a 44.51% decrease from the previous year.
May 07, 2024 | 11:56 am
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Sempra Energy's Q1 2024 earnings per share matched expectations, but its significant miss on sales forecasts and a sharp year-over-year revenue decline could concern investors.
Meeting EPS estimates typically supports stock stability, but missing sales forecasts by a wide margin and reporting a significant year-over-year decrease in revenue are negative indicators that can lead to investor concern and potential short-term stock price decline.
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