Coterra Energy Q2 2024 Adj. EPS $0.37 Misses $0.39 Estimate, Sales $1.271B Miss $1.328B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coterra Energy (NYSE:CTRA) reported Q2 2024 earnings of $0.37 per share, missing the analyst estimate of $0.39. Sales were $1.271 billion, also below the $1.328 billion estimate. Despite the misses, sales increased by 7.26% year-over-year.
August 01, 2024 | 8:30 pm
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Coterra Energy reported Q2 2024 earnings of $0.37 per share, missing the analyst estimate of $0.39. Sales were $1.271 billion, also below the $1.328 billion estimate. Despite the misses, sales increased by 7.26% year-over-year.
Coterra Energy's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100