Kimbell Royalty Partners Q2 2024 GAAP EPS $0.11 Misses $0.21 Estimate, Sales $76.570M Miss $81.192M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimbell Royalty Partners (NYSE:KRP) reported Q2 2024 earnings of $0.11 per share, missing the analyst estimate of $0.21 by 47.62%. Sales were $76.570 million, also missing the estimate of $81.192 million by 5.69%. Despite the misses, sales increased by 26.04% year-over-year.
August 01, 2024 | 11:09 am
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Kimbell Royalty Partners reported Q2 2024 earnings of $0.11 per share, missing the analyst estimate of $0.21 by 47.62%. Sales were $76.570 million, also missing the estimate of $81.192 million by 5.69%. Despite the misses, sales increased by 26.04% year-over-year.
Kimbell Royalty Partners' significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. The EPS miss by 47.62% and sales miss by 5.69% indicate weaker-than-expected performance, which could lead to investor disappointment and selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100