Chesapeake Energy Q2 2024 Adj EPS $0.01 Beats $0.00 Estimate, Sales $505.00M Miss $787.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Energy (NASDAQ:CHK) reported Q2 2024 adjusted earnings per share (EPS) of $0.01, beating the analyst consensus estimate of $0.00. However, the company reported quarterly sales of $505.00 million, missing the analyst consensus estimate of $787.14 million by 35.84%. This represents a 73.29% decrease from the same period last year.
July 29, 2024 | 8:04 pm
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Chesapeake Energy (CHK) reported Q2 2024 adjusted EPS of $0.01, beating estimates, but sales of $505M missed by 35.84% and were down 73.29% YoY.
While Chesapeake Energy's EPS beat estimates, the significant miss in sales and the large year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100