Vital Energy Q2 2024 Adj. EPS $1.46 Misses $1.84 Estimate, Sales $476.370M Beat $472.884M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vital Energy (NYSE:VTLE) reported Q2 2024 earnings per share (EPS) of $1.46, missing the analyst consensus estimate of $1.84 by 20.65%. However, the company reported quarterly sales of $476.370 million, beating the analyst consensus estimate of $472.884 million by 0.74%. This represents a 42.17% increase over sales of $335.062 million in the same period last year.
August 07, 2024 | 9:01 pm
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Vital Energy's Q2 2024 EPS of $1.46 missed estimates by 20.65%, but sales of $476.370 million beat expectations and increased by 42.17% YoY.
The mixed results, with EPS missing but sales beating estimates and showing significant YoY growth, are likely to have a neutral short-term impact on VTLE's stock price. Investors may weigh the earnings miss against the strong sales performance.
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RELEVANCE 100