ONE Gas Q2 2024 GAAP EPS $0.48 Misses $0.51 Estimate, Sales $354.137M Miss $362.059M Estimate
Portfolio Pulse from Benzinga Newsdesk
ONE Gas (NYSE:OGS) reported Q2 2024 earnings per share of $0.48, missing the analyst estimate of $0.51 by 5.88%. The company also reported sales of $354.137 million, which missed the estimate of $362.059 million by 2.19% and represents an 11.05% decrease from the same period last year.
August 05, 2024 | 8:18 pm
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ONE Gas reported Q2 2024 earnings per share of $0.48, missing the analyst estimate of $0.51 by 5.88%. Sales of $354.137 million also missed the estimate of $362.059 million by 2.19% and decreased by 11.05% year-over-year.
The earnings and sales figures both missed analyst estimates, and the year-over-year sales decrease of 11.05% is significant. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100