Enerplus Q1 2024 Adj EPS $0.32 Misses $0.33 Estimate, Sales $359.300M Down From $441.147M YoY
Portfolio Pulse from Benzinga Newsdesk
Enerplus (NYSE:ERF) reported Q1 2024 earnings of $0.32 per share, missing the consensus estimate of $0.33 by 3.03%. Sales were $359.3M, down 18.55% from $441.147M YoY.

May 08, 2024 | 9:20 pm
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Enerplus reported a miss on Q1 2024 earnings and a significant decrease in sales compared to last year.
Missing earnings estimates and reporting a significant year-over-year decrease in sales are both negative indicators for a company's financial health and often lead to a negative short-term impact on the stock price. Investors typically react unfavorably to earnings misses and lower sales figures, which can lead to a decrease in stock price as market sentiment adjusts to the new information.
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