Obsidian Energy Q2 2024 GAAP EPS C$0.46 Misses C$1.50 Estimate, Production Revenues C$208.400M Up From C$166.000M YoY
Portfolio Pulse from Benzinga Newsdesk
Obsidian Energy reported Q2 2024 GAAP EPS of C$0.46, missing the estimate of C$1.50. However, production revenues increased to C$208.4 million from C$166 million year-over-year.
August 01, 2024 | 11:48 am
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Obsidian Energy's Q2 2024 GAAP EPS of C$0.46 missed the estimate of C$1.50, but production revenues increased to C$208.4 million from C$166 million year-over-year.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the positive revenue growth. Investors often react strongly to earnings misses.
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