OGE Energy Q2 2024 GAAP EPS $0.51 Beats $0.46 Estimate, Sales $662.600M Miss $751.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
OGE Energy reported Q2 2024 GAAP EPS of $0.51, beating the $0.46 estimate, but sales of $662.6M missed the $751M estimate. EPS increased by 15.91% YoY, while sales grew by 9.52% YoY.
August 07, 2024 | 10:09 am
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NEUTRAL IMPACT
OGE Energy's Q2 2024 earnings per share of $0.51 beat estimates by 10.87%, showing a strong performance compared to last year. However, sales of $662.6M missed expectations by 11.77%, indicating potential challenges in revenue growth.
While OGE Energy's EPS beat expectations, the significant miss in sales could raise concerns about revenue growth. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100