NRG Energy Q2 Sales $6.659B Miss $8.320B Estimate
Portfolio Pulse from Benzinga Newsdesk
NRG Energy reported Q2 sales of $6.659 billion, missing the analyst consensus estimate of $8.320 billion by 19.96%. Despite the miss, sales increased by 4.90% compared to the same period last year.
August 08, 2024 | 11:06 am
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NEGATIVE IMPACT
NRG Energy reported Q2 sales of $6.659 billion, missing the analyst consensus estimate of $8.320 billion by 19.96%. Despite the miss, sales increased by 4.90% compared to the same period last year.
The significant miss on sales estimates is likely to negatively impact NRG's stock price in the short term. However, the year-over-year increase in sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100