Chord Energy Q1 2024 Adj EPS $5.10 Beats $4.72 Estimate, Sales $748.300M Miss $776.843M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chord Energy (NASDAQ:CHRD) reported Q1 2024 adjusted EPS of $5.10, surpassing the $4.72 estimate, but its sales of $748.3M fell short of the $776.843M forecast, marking a 2.34% decrease from the previous year.
May 07, 2024 | 8:52 pm
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Chord Energy reported a higher-than-expected Q1 2024 EPS at $5.10 but missed sales estimates with $748.3M, a 2.34% decrease YOY.
The positive earnings surprise with an EPS beat of 8.05% could provide a short-term bullish sentiment for CHRD, offset by the slight miss in sales expectations and a year-over-year decrease. The mixed results present a neutral outlook as the positive earnings may balance the negative impact of missed sales forecasts.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100