National Fuel Gas Q3 Adj $0.99 Beats $0.96 Estimate, Sales $417.44M Miss $536.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Fuel Gas (NYSE:NFG) reported Q3 earnings of $0.99 per share, beating the analyst estimate of $0.96. However, sales of $417.44 million missed the $536.36 million estimate.
July 31, 2024 | 8:50 pm
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National Fuel Gas reported Q3 earnings of $0.99 per share, beating the analyst estimate of $0.96. However, sales of $417.44 million missed the $536.36 million estimate by a significant margin.
While National Fuel Gas beat earnings estimates, the significant miss on sales figures is likely to weigh on the stock price in the short term. Investors may react negatively to the revenue shortfall, despite the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100