Amplify Energy Q2 2024 GAAP EPS $0.17 Misses $0.28 Estimate, Sales $79.503M Beat $78.053M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amplify Energy (NYSE:AMPY) reported Q2 2024 earnings per share (EPS) of $0.17, missing the analyst consensus estimate of $0.28 by 39.29%. However, the company reported sales of $79.503 million, beating the estimate of $78.053 million by 1.86%. Compared to the same period last year, EPS decreased by 29.17%, while sales increased by 10.47%.
August 07, 2024 | 9:35 pm
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NEGATIVE IMPACT
Amplify Energy's Q2 2024 EPS of $0.17 missed estimates by 39.29%, while sales of $79.503 million beat estimates by 1.86%. EPS decreased by 29.17% YoY, but sales increased by 10.47% YoY.
The significant miss on EPS is likely to have a negative short-term impact on the stock price, despite the sales beat. The YoY decrease in EPS further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100