VAALCO Energy Q2 2024 Adj. EPS $0.22 Beats $0.14 Estimate, Sales $116.778M Beat $99.770M Estimate
Portfolio Pulse from Benzinga Newsdesk
VAALCO Energy (NYSE:EGY) reported Q2 2024 adjusted EPS of $0.22, beating the $0.14 estimate by 57.14%. Sales were $116.778M, surpassing the $99.770M estimate by 17.05% and showing a 6.90% increase from the same period last year.
August 07, 2024 | 5:39 am
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VAALCO Energy reported strong Q2 2024 results with EPS of $0.22 beating estimates by 57.14% and sales of $116.778M beating estimates by 17.05%. Sales also increased by 6.90% YoY.
The significant beat on both EPS and sales estimates, along with a year-over-year sales increase, is likely to positively impact VAALCO Energy's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100