Par Pacific Hldgs Q2 2024 Adj. EPS $0.49 Beats $0.17 Estimate, Sales $2.017B Beat $1.822B Estimate
Portfolio Pulse from Benzinga Newsdesk
Par Pacific Holdings (NYSE:PARR) reported Q2 2024 adjusted EPS of $0.49, significantly beating the $0.17 estimate. Sales were $2.017 billion, surpassing the $1.822 billion estimate. Despite the earnings beat, EPS decreased by 71.51% year-over-year.
August 06, 2024 | 9:22 pm
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Par Pacific Holdings reported Q2 2024 adjusted EPS of $0.49, beating the $0.17 estimate by 188.24%. Sales were $2.017 billion, surpassing the $1.822 billion estimate. Despite the earnings beat, EPS decreased by 71.51% year-over-year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on PARR's stock price. However, the year-over-year decline in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100