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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100