HighPeak Energy Q2 2024 Adj. EPS $0.28 Misses $0.50 Estimate, Sales $275.266M Miss $277.939M Estimate
Portfolio Pulse from Benzinga Newsdesk
HighPeak Energy (NASDAQ:HPK) reported Q2 2024 adjusted EPS of $0.28, missing the $0.50 estimate. Sales were $275.266M, slightly below the $277.939M estimate but up 14.33% year-over-year.
August 05, 2024 | 8:04 pm
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NEGATIVE IMPACT
HighPeak Energy's Q2 2024 earnings and sales both missed analyst estimates. EPS was $0.28, missing the $0.50 estimate by 44%. Sales were $275.266M, slightly below the $277.939M estimate but up 14.33% YoY.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact HPK's stock price in the short term. However, the year-over-year sales growth of 14.33% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100