Imperial Ptrl Q1 2024 Adj EPS $0.59 Beats $0.23 Estimate, Sales $41.203M Beat $35.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Imperial Petroleum (NASDAQ: IMPP) reported Q1 2024 adjusted EPS of $0.59, significantly beating the $0.23 estimate. Sales were $41.203M, also surpassing the $35.400M estimate. However, both EPS and sales showed a significant decline compared to the same period last year.
May 16, 2024 | 12:24 pm
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Imperial Petroleum (NASDAQ: IMPP) reported Q1 2024 adjusted EPS of $0.59, beating the $0.23 estimate by 156.52%. Sales of $41.203M also surpassed the $35.400M estimate. Despite these beats, both EPS and sales are down significantly YoY.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on the stock price. However, the year-over-year declines in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100