Gulfport Energy Q2 2024 Adj. EPS $2.98 Misses $3.03 Estimate, Sales $181.117M Miss $259.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gulfport Energy (NYSE:GPOR) reported Q2 2024 adjusted EPS of $2.98, missing the analyst estimate of $3.03. The company also reported sales of $181.117 million, significantly below the $259.750 million estimate and a 40.56% decrease from the same period last year.
August 06, 2024 | 8:36 pm
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Gulfport Energy's Q2 2024 earnings and sales both missed analyst estimates, with sales showing a significant year-over-year decline.
The company's earnings per share (EPS) missed the analyst consensus estimate by 1.65%, and sales missed by a substantial 30.27%. Additionally, sales decreased by 40.56% compared to the same period last year. These factors are likely to exert downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100