Genie Energy Q1 EPS $0.33 Down From $0.54 YoY, Sales $119.69M Up From $105.28M YoY
Portfolio Pulse from Benzinga Newsdesk
Genie Energy reported a decrease in Q1 EPS to $0.33 from $0.54 YoY, while sales increased to $119.69M from $105.28M YoY.
May 08, 2024 | 11:32 am
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NEUTRAL IMPACT
Genie Energy's Q1 earnings per share decreased by 38.89% YoY, but sales increased by 13.69% YoY.
The decrease in EPS indicates a drop in profitability, which could negatively impact investor sentiment. However, the increase in sales suggests growth in revenue, potentially offsetting the negative impact on the stock price. The mixed results lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100