Kolibri Global Energy Q1 EPS $0.09 Misses $0.11 Estimate, Sales $14.29M Beat $14.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kolibri Global Energy (KGEI) reported Q1 earnings of $0.09 per share, missing the $0.11 estimate, and sales of $14.29M, slightly above the $14.20M estimate. This represents a 59.09% decrease in earnings per share and a 0.06% decrease in sales from the same period last year.
May 13, 2024 | 8:24 pm
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NEGATIVE IMPACT
KGEI's Q1 earnings missed estimates with a significant decrease in EPS from the previous year, though sales slightly exceeded expectations.
The miss in earnings per share (EPS) expectations, combined with a significant year-over-year decrease, is likely to negatively impact investor sentiment and KGEI's stock price in the short term. The slight beat on sales estimates may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100