PBF Energy Q2 2024 Adj. EPS $(0.54) Misses $(0.15) Estimate, Sales $8.736B Beat $8.638B Estimate
Portfolio Pulse from Benzinga Newsdesk
PBF Energy (NYSE:PBF) reported Q2 2024 adjusted EPS of $(0.54), missing the $(0.15) estimate by 260%. Sales were $8.736B, beating the $8.638B estimate by 1.13%. EPS decreased by 123.58% YoY, while sales decreased by 4.61% YoY.
August 01, 2024 | 10:32 am
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NEGATIVE IMPACT
PBF Energy reported a significant miss on Q2 2024 EPS, with a loss of $(0.54) per share compared to the $(0.15) estimate. However, sales of $8.736 billion slightly beat expectations. The EPS miss and YoY decline in both EPS and sales are likely to negatively impact the stock price in the short term.
The significant miss on EPS and the YoY decline in both EPS and sales are strong negative indicators. Despite the slight beat on sales, the overall financial performance is likely to lead to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100