VAALCO Energy Q1 2024 Adj EPS $0.06 Beats $0.04 Estimate, Sales $100.155M Beat $55.338M Estimate
Portfolio Pulse from Benzinga Newsdesk
VAALCO Energy (NYSE:EGY) reported Q1 2024 adjusted EPS of $0.06, surpassing the $0.04 estimate, and sales of $100.155M, exceeding the $55.338M estimate. This represents a 14.29% decrease in EPS and a 24.57% increase in sales from the same period last year.
May 07, 2024 | 9:43 pm
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VAALCO Energy reported a strong Q1 2024 with EPS of $0.06, beating estimates by 50%, and sales of $100.155M, surpassing estimates by 80.99%.
VAALCO Energy's significant beat on both EPS and sales estimates for Q1 2024 suggests strong operational performance and efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100