Magnolia Oil & Gas Q1 EPS $0.46, Inline, Sales $319.42M Beat $308.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magnolia Oil & Gas (MGY) reported Q1 earnings of $0.46 per share, meeting analyst estimates, with a 25.81% decrease from last year. Sales were $319.42M, beating estimates by 3.70% and marking a 3.58% increase from the previous year.
May 07, 2024 | 8:02 pm
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Magnolia Oil & Gas reported Q1 earnings per share of $0.46, in line with estimates, and a 25.81% decrease from the previous year. Sales were $319.42M, exceeding expectations and showing a 3.58% year-over-year increase.
While Magnolia Oil & Gas met earnings estimates, the significant decrease from last year's earnings per share might concern investors. However, the sales beat and year-over-year growth could offset negative sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100