Vertex Energy Q2 2024 GAAP EPS $(0.58) Misses $(0.16) Estimate, Sales $750.061M Beat $723.735M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vertex Energy (NASDAQ:VTNR) reported Q2 2024 GAAP EPS of $(0.58), missing the $(0.16) estimate by 262.5%, but sales of $750.061M beat the $723.735M estimate by 3.64%. EPS improved by 45.79% YoY, while sales increased by 2.06% YoY.
August 08, 2024 | 10:02 am
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Vertex Energy reported a Q2 2024 GAAP EPS of $(0.58), missing the $(0.16) estimate by 262.5%. However, sales of $750.061M beat the $723.735M estimate by 3.64%. EPS improved by 45.79% YoY, and sales increased by 2.06% YoY.
The significant EPS miss is likely to negatively impact the stock price in the short term, despite the sales beat and YoY improvements in EPS and sales. Investors may focus on the larger-than-expected loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100