Excelerate Energy Q2 2024 GAAP EPS $0.26 Misses $0.31 Estimate, Sales $183.300M Beat $181.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Excelerate Energy (NYSE:EE) reported Q2 2024 earnings per share (EPS) of $0.26, missing the analyst consensus estimate of $0.31 by 16.13%. However, the company reported quarterly sales of $183.3 million, beating the analyst consensus estimate of $181 million by 1.27%. This represents a 57.61% decrease in sales compared to the same period last year.
August 07, 2024 | 9:29 pm
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NEGATIVE IMPACT
Excelerate Energy's Q2 2024 EPS missed estimates by 16.13%, but sales slightly beat expectations. However, sales are down 57.61% year-over-year.
The miss on EPS is likely to negatively impact the stock price in the short term, despite the slight beat on sales. The significant year-over-year decrease in sales further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100