Plains GP Holdings Q2 2024 GAAP EPS $0.20 Misses $0.31 Estimate, Sales $12.930B Beat $12.409B Estimate
Portfolio Pulse from Benzinga Newsdesk
Plains GP Holdings (NASDAQ:PAGP) reported Q2 2024 earnings per share (EPS) of $0.20, missing the analyst consensus estimate of $0.31 by 35.48%. However, the company reported sales of $12.930 billion, beating the estimate of $12.409 billion by 4.20%. Compared to the same period last year, EPS decreased by 20%, while sales increased by 11.47%.
August 02, 2024 | 11:35 am
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NEGATIVE IMPACT
Plains GP Holdings reported Q2 2024 EPS of $0.20, missing estimates by 35.48%, but sales of $12.930 billion beat expectations by 4.20%. EPS decreased by 20% YoY, while sales increased by 11.47%.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the positive sales performance. The 20% YoY decrease in EPS further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100