Chord Energy Q2 2024 Adj. EPS $4.69 Misses $4.96 Estimate, Sales $902.667M Miss $1.000B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chord Energy (NASDAQ:CHRD) reported Q2 2024 earnings of $4.69 per share, missing the analyst estimate of $4.96. Sales were $902.667 million, below the $1 billion estimate. Despite missing estimates, both earnings and sales showed significant year-over-year growth.
August 07, 2024 | 8:32 pm
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NEGATIVE IMPACT
Chord Energy's Q2 2024 earnings and sales missed analyst estimates, but both metrics showed significant year-over-year growth. The stock may experience short-term volatility due to the earnings miss.
The earnings and sales misses are likely to cause short-term negative sentiment among investors, despite the strong year-over-year growth. This could lead to a temporary decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100