Vitesse Energy Q2 2024 Adj. EPS $0.35 Misses $0.37 Estimate, Sales $66.598M Beat $64.731M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vitesse Energy (NYSE:VTS) reported Q2 2024 earnings per share of $0.35, missing the analyst estimate of $0.37 by 5.41%. However, the company reported sales of $66.598 million, beating the estimate of $64.731 million by 2.88%. This represents a 29.10% increase over the same period last year.
August 05, 2024 | 8:27 pm
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NEUTRAL IMPACT
Vitesse Energy reported Q2 2024 EPS of $0.35, missing estimates by 5.41%, but sales of $66.598M beat estimates by 2.88%, showing a 29.10% YoY increase.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term impact. The significant YoY sales increase is positive, but the EPS miss tempers enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100