Sunoco Q1 2024 GAAP EPS $2.26 Beats $1.22 Estimate, Sales $5.499B Beat $5.231B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunoco (NYSE:SUN) reported Q1 2024 earnings of $2.26 per share, surpassing the $1.22 estimate by 85.25%, and a 60.28% increase from last year's $1.41 per share. Sales reached $5.499B, exceeding the $5.231B estimate by 5.13% and marking a 2.56% increase from the previous year's $5.362B.
May 08, 2024 | 11:04 am
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Sunoco reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $2.26 against a $1.22 estimate and sales of $5.499B against a $5.231B estimate.
The substantial beat on both earnings per share and sales estimates for Sunoco indicates a strong financial performance and operational efficiency. This outperformance, especially in a quarter, is likely to instill investor confidence and could lead to a positive short-term impact on Sunoco's stock price. The significant exceedance of analyst expectations by 85.25% for EPS and the sales beat by 5.13% are critical factors that investors will likely view favorably.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100