W&T Offshore Q2 2024 Adj. EPS $(0.05) Beats $(0.06) Estimate, Sales $142.757M Miss $148.035M Estimate
Portfolio Pulse from Benzinga Newsdesk
W&T Offshore (NYSE:WTI) reported Q2 2024 adjusted EPS of $(0.05), beating the analyst estimate of $(0.06). However, sales of $142.757 million missed the $148.035 million estimate. EPS improved by 37.5% year-over-year, while sales increased by 13.14%.
August 06, 2024 | 9:31 pm
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POSITIVE IMPACT
W&T Offshore reported better-than-expected EPS for Q2 2024, but sales missed estimates. EPS improved significantly year-over-year, and sales showed a healthy increase.
The better-than-expected EPS is a positive indicator, showing improved profitability. However, the sales miss could temper investor enthusiasm. Overall, the positive EPS surprise and year-over-year improvements are likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100