Amplify Energy Q1 2024 GAAP EPS $(0.24) Misses $0.24 Estimate, Sales $76.299M Beat $76.276M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amplify Energy (NYSE:AMPY) reported Q1 2024 GAAP EPS of $(0.24), missing the $0.24 estimate by 200%, and a 214.29% decrease from last year's $0.21 EPS. Sales were $76.299M, slightly above the $76.276M estimate but 4.47% lower than last year's $79.870M.
May 08, 2024 | 9:44 pm
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NEGATIVE IMPACT
Amplify Energy reported a significant miss in Q1 2024 EPS at $(0.24) versus the expected $0.24, and a slight beat in sales at $76.299M against a $76.276M estimate.
The significant miss in EPS is likely to negatively impact investor sentiment and stock price in the short term, despite the marginal beat in sales. The drastic decrease in earnings compared to the previous year further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100