Permian Resources Q1 2024 GAAP EPS $0.25 Misses $0.36 Estimate, Sales $1.243B Beat $1.204B Estimate
Portfolio Pulse from Benzinga Newsdesk
Permian Resources reported Q1 2024 earnings of $0.25 per share, missing the consensus estimate of $0.36. However, their sales of $1.243B exceeded the $1.204B estimate, marking a 101.70% increase from the previous year.
May 07, 2024 | 8:43 pm
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Permian Resources missed Q1 2024 EPS estimates but exceeded sales forecasts, showing significant year-over-year growth.
While the EPS miss might concern some investors, the significant sales beat and year-over-year growth could offset negative sentiment. The mixed results present a neutral short-term outlook, as the sales growth indicates strong operational performance, potentially balancing out the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100