Atlas Energy Solutions Q2 2024 GAAP EPS $0.13 Misses $0.30 Estimate, Sales $287.518M Beat $272.548M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlas Energy Solutions (NYSE:AESI) reported Q2 2024 earnings per share (EPS) of $0.13, missing the analyst estimate of $0.30 by 56.67%. However, the company reported sales of $287.518 million, beating the estimate of $272.548 million by 5.49%. Compared to the same period last year, EPS decreased by 80.6%, while sales increased by 77.71%.
August 05, 2024 | 8:55 pm
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Atlas Energy Solutions reported Q2 2024 EPS of $0.13, missing the $0.30 estimate by 56.67%. Sales of $287.518M beat the $272.548M estimate by 5.49%. EPS decreased by 80.6% YoY, while sales increased by 77.71% YoY.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the positive sales performance. The large YoY decrease in EPS further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100