Comstock Resources Q2 2024 Adj EPS $(0.43) Misses $(0.16) Estimate, Sales $246.80M Miss $296.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Comstock Resources (NYSE:CRK) reported Q2 2024 adjusted EPS of $(0.43), missing the $(0.16) estimate by 168.75%. Sales were $246.80M, missing the $296.69M estimate by 16.82% and down 14.37% from last year.
July 30, 2024 | 8:18 pm
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Comstock Resources reported a significant miss on both EPS and sales for Q2 2024. The adjusted EPS of $(0.43) was far below the $(0.16) estimate, and sales of $246.80M missed the $296.69M estimate by 16.82%. This also represents a 14.37% decline in sales compared to the same period last year.
The significant miss on both EPS and sales, combined with a year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100