KNOT Offshore Partners Q1 2024 GAAP EPS $0.22 Beats $(0.07) Estimate, Sales $76.632M Beat $69.885M Estimate
Portfolio Pulse from Benzinga Newsdesk
KNOT Offshore Partners (NYSE:KNOP) reported Q1 2024 earnings per share of $0.22, significantly beating the analyst consensus estimate of $(0.07). The company also reported quarterly sales of $76.632 million, surpassing the estimate of $69.885 million and marking a 7.66% increase from the same period last year.
May 22, 2024 | 8:28 pm
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KNOT Offshore Partners reported Q1 2024 earnings per share of $0.22, beating the analyst consensus estimate of $(0.07) by 414.29%. The company also reported quarterly sales of $76.632 million, surpassing the estimate of $69.885 million and marking a 7.66% increase from the same period last year.
The significant beat on both EPS and sales estimates, along with a year-over-year increase in sales, is likely to positively impact KNOP's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100