Evolution Petroleum Q3 2024 Adj EPS $0.03, Inline, Sales $23.025M Beat $22.381M Estimate
Portfolio Pulse from Benzinga Newsdesk
Evolution Petroleum (AMEX:EPM) reported Q3 2024 earnings of $0.03 per share, meeting analyst estimates but marking a 92.86% decrease from the previous year. Sales were $23.025M, exceeding estimates by 2.88% but showing a 37.55% decrease year-over-year.
May 07, 2024 | 10:24 pm
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Evolution Petroleum reported Q3 2024 earnings of $0.03 per share, in line with estimates but significantly lower than last year's $0.42. Sales were $23.025M, slightly above expectations but much lower than the previous year.
The significant decrease in earnings per share (EPS) and sales compared to the previous year indicates potential challenges for Evolution Petroleum, likely leading to a negative short-term impact on its stock price. The alignment with analyst estimates on EPS may provide some stability, but the overall decline in financial performance is a concern.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100