US Energy Q2 2024 Adj. EPS $(0.08) Beats $(0.09) Estimate, Sales $6.000M Miss $6.627M Estimate
Portfolio Pulse from Benzinga Newsdesk
US Energy (NASDAQ:USEG) reported Q2 2024 adjusted EPS of $(0.08), beating the $(0.09) estimate, but sales of $6.000M missed the $6.627M estimate. Sales decreased by 24.79% compared to the same period last year.
August 07, 2024 | 8:51 pm
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US Energy's Q2 2024 adjusted EPS of $(0.08) beat the $(0.09) estimate, but sales of $6.000M missed the $6.627M estimate and decreased by 24.79% YoY.
While the EPS beat expectations, the significant miss on sales and the YoY decline in revenue may offset the positive sentiment from the EPS beat, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100