Western Midstream Q2 EPS $0.97 Beats $0.88 Estimate, Sales $905.63M Miss $912.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Midstream (NYSE:WES) reported Q2 earnings per share (EPS) of $0.97, beating the analyst estimate of $0.88 by 10.23%. However, sales of $905.63 million missed the estimate of $912.62 million by 0.77%. EPS increased by 51.56% year-over-year, while sales grew by 22.67%.
August 07, 2024 | 8:19 pm
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Western Midstream (NYSE:WES) reported Q2 EPS of $0.97, beating estimates by 10.23%, but sales of $905.63 million missed estimates by 0.77%. EPS increased by 51.56% year-over-year, while sales grew by 22.67%.
The significant beat on EPS and strong year-over-year growth in both EPS and sales are positive indicators for Western Midstream. However, the slight miss on sales may temper some of the enthusiasm. Overall, the news is likely to have a positive short-term impact on the stock price.
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