Cheniere Energy Q2 2024 GAAP EPS $3.84 Beats $1.69 Estimate, Sales $3.251B Miss $3.518B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy (AMEX:LNG) reported Q2 2024 earnings per share (EPS) of $3.84, significantly beating the analyst estimate of $1.69. However, sales of $3.251 billion missed the $3.518 billion estimate. Both EPS and sales figures are down compared to the same period last year.
August 08, 2024 | 10:10 am
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Cheniere Energy's Q2 2024 EPS of $3.84 beat estimates by 127%, but sales of $3.251 billion missed expectations. Both EPS and sales are down compared to the same period last year.
The significant beat on EPS is a positive indicator, but the miss on sales and the year-over-year decline in both EPS and sales could neutralize the positive impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100