Riley Exploration Permian Q2 2024 Adj. EPS $1.57 Misses $1.75 Estimate, Sales $105.400M Miss $108.481M Estimate
Portfolio Pulse from Benzinga Newsdesk
Riley Exploration Permian (AMEX:REPX) reported Q2 2024 adjusted EPS of $1.57, missing the analyst estimate of $1.75. Sales were $105.4M, also missing the $108.481M estimate. Despite the misses, sales increased by 5.49% year-over-year.
August 07, 2024 | 9:33 pm
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NEGATIVE IMPACT
Riley Exploration Permian reported Q2 2024 EPS of $1.57, missing the $1.75 estimate. Sales of $105.4M also missed the $108.481M estimate but increased 5.49% YoY.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100