Texas Pacific Land Q2 2024 GAAP EPS $4.98, Sales $172.33M Miss $182.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Pacific Land (NYSE:TPL) reported Q2 2024 GAAP EPS of $4.98 and sales of $172.33 million, missing the analyst consensus estimate of $182.34 million by 5.49%. Despite the miss, sales increased by 7.30% compared to the same period last year.
August 07, 2024 | 8:19 pm
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Texas Pacific Land (NYSE:TPL) reported Q2 2024 GAAP EPS of $4.98 and sales of $172.33 million, missing the analyst consensus estimate of $182.34 million by 5.49%. Despite the miss, sales increased by 7.30% compared to the same period last year.
The earnings report shows that TPL missed the sales estimate by 5.49%, which is likely to have a negative short-term impact on the stock price. However, the year-over-year sales increase of 7.30% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100