EnLink Midstream Q2 2024 GAAP EPS $0.07 Misses $0.13 Estimate, Sales $1.551B Miss $1.905B Estimate
Portfolio Pulse from Benzinga Newsdesk
EnLink Midstream (NYSE:ENLC) reported Q2 2024 earnings per share of $0.07, missing the analyst consensus estimate of $0.13 by 46.15%. The company also reported quarterly sales of $1.551 billion, which missed the analyst consensus estimate of $1.905 billion by 18.57%. This represents a 1.37% increase over sales of $1.530 billion in the same period last year.
August 06, 2024 | 9:14 pm
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EnLink Midstream reported Q2 2024 earnings per share of $0.07, missing the analyst consensus estimate of $0.13 by 46.15%. The company also reported quarterly sales of $1.551 billion, which missed the analyst consensus estimate of $1.905 billion by 18.57%. This represents a 1.37% increase over sales of $1.530 billion in the same period last year.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. Although there is a slight year-over-year increase in sales, the substantial miss on expectations will likely weigh more heavily on investor sentiment.
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