PHX Minerals Q2 2024 GAAP EPS $(0.01) Misses $0.02 Estimate, Sales $7.869M Miss $8.059M Estimate
Portfolio Pulse from Benzinga Newsdesk
PHX Minerals reported Q2 2024 results with a GAAP EPS of $(0.01), missing the $0.02 estimate, and sales of $7.869M, below the $8.059M estimate. This represents a significant decrease from the previous year's earnings and sales.
May 08, 2024 | 9:20 pm
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PHX Minerals missed Q2 2024 earnings and sales estimates, with a significant decrease compared to last year's performance.
Missing both earnings and sales estimates significantly, especially with a 103.7% decrease in earnings per share and a 50.74% decrease in sales compared to the same period last year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100