California Resources Q2 2024 Adj EPS $0.60 Misses $0.78 Estimate, Sales $514.00M Beat $459.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
California Resources (NYSE:CRC) reported Q2 2024 earnings per share of $0.60, missing the analyst estimate of $0.78 by 23.08%. However, the company reported sales of $514.00 million, beating the estimate of $459.49 million by 11.86%. This represents a 13.03% decrease from the same period last year.
August 06, 2024 | 8:37 pm
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California Resources (NYSE:CRC) reported Q2 2024 EPS of $0.60, missing the $0.78 estimate by 23.08%. Sales of $514M beat the $459.49M estimate by 11.86%, but were down 13.03% YoY.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term outlook. The YoY sales decline adds to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100