UGI Q3 2024 Adj. EPS $0.06 Beats $(0.06) Estimate, Sales $1.380B Miss $1.731B Estimate
Portfolio Pulse from Benzinga Newsdesk
UGI Corporation (NYSE:UGI) reported Q3 2024 adjusted earnings per share (EPS) of $0.06, beating the analyst consensus estimate of $(0.06) by 200%. However, the company reported quarterly sales of $1.380 billion, missing the analyst consensus estimate of $1.731 billion by 20.28%. This represents a 16.82% decrease from the same period last year.
August 07, 2024 | 8:35 pm
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NEUTRAL IMPACT
UGI Corporation reported Q3 2024 adjusted EPS of $0.06, beating estimates by 200%, but missed sales estimates by 20.28%, reporting $1.380 billion. Sales decreased by 16.82% year-over-year.
While UGI Corporation beat EPS estimates significantly, the substantial miss on sales estimates and the year-over-year decline in sales may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100