SM Energy Q2 2024 Adj. EPS $1.85 Beats $1.53 Estimate, Sales $634.555M Beat $616.063M Estimate
Portfolio Pulse from Benzinga Newsdesk
SM Energy (NYSE:SM) reported Q2 2024 adjusted EPS of $1.85, beating the estimate of $1.53 by 20.92%. Sales were $634.555M, surpassing the $616.063M estimate and marking a 15.22% increase from the same period last year.
August 07, 2024 | 8:34 pm
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POSITIVE IMPACT
SM Energy reported strong Q2 2024 results with EPS of $1.85 beating estimates by 20.92% and sales of $634.555M surpassing estimates by 3%. Sales increased by 15.22% YoY.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact SM Energy's stock price in the short term. The YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100