Energy Transfer Q1 2024 GAAP EPS $0.32 Misses $0.42 Estimate, Sales $21.629B Beat $21.044B Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer (NYSE:ET) reported Q1 2024 earnings of $0.32 per share, missing the consensus estimate of $0.42 by 23.81%. However, their quarterly sales of $21.629 billion exceeded the estimate of $21.044 billion by 2.78%, marking a 13.87% increase from the previous year.
May 08, 2024 | 8:44 pm
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Energy Transfer's Q1 2024 earnings per share of $0.32 missed the consensus estimate by 23.81%, but sales of $21.629 billion exceeded expectations, showing a 13.87% increase from the previous year.
The miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the significant beat in sales and year-over-year growth indicates strong operational performance, potentially mitigating the negative impact of the EPS miss. The mixed results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100