Ring Energy Q2 2024 Adj. EPS $0.12 Beats $0.11 Estimate, Sales $99.139M Beat $98.532M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ring Energy (AMEX:REI) reported Q2 2024 adjusted EPS of $0.12, beating the estimate of $0.11. Sales were $99.139 million, surpassing the $98.532 million estimate and marking a 24.94% increase from the same period last year.
August 06, 2024 | 8:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ring Energy (AMEX:REI) reported Q2 2024 adjusted EPS of $0.12, beating the estimate of $0.11. Sales were $99.139 million, surpassing the $98.532 million estimate and marking a 24.94% increase from the same period last year.
Ring Energy's Q2 2024 earnings and sales both exceeded analyst estimates, indicating strong financial performance. The significant year-over-year sales growth further supports a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100