Flex LNG Q1 2024 Adj EPS $0.70 Beats $0.58 Estimate, Sales $90.200M Beat $90.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex LNG (NYSE:FLNG) reported Q1 2024 earnings of $0.70 per share, beating the analyst estimate of $0.58. Sales were $90.200 million, slightly above the $90.000 million estimate. Earnings increased by 6.06% year-over-year, while sales decreased by 2.46%.
May 23, 2024 | 5:15 am
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Flex LNG reported Q1 2024 earnings of $0.70 per share, beating the analyst estimate of $0.58. Sales were $90.200 million, slightly above the $90.000 million estimate. Earnings increased by 6.06% year-over-year, while sales decreased by 2.46%.
Flex LNG's Q1 2024 earnings per share significantly beat analyst expectations, which is likely to positively impact the stock price in the short term. Although sales slightly decreased year-over-year, they still surpassed estimates, contributing to a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100