Chesapeake Utilities Q2 2024 Adj. EPS $0.86 Beats $0.80 Estimate, Sales $166.272M Miss $194.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities (NYSE:CPK) reported Q2 2024 adjusted EPS of $0.86, beating the analyst estimate of $0.80. However, sales of $166.272 million missed the $194.700 million estimate, despite a 22.63% increase from the same period last year.
August 08, 2024 | 9:26 pm
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Chesapeake Utilities reported Q2 2024 EPS of $0.86, beating estimates by 7.5%, but sales of $166.272 million missed estimates by 14.60%. Sales increased 22.63% YoY.
While Chesapeake Utilities beat EPS estimates, the significant miss on sales could create mixed reactions in the market. The YoY sales increase is a positive sign, but the miss on expectations may temper investor enthusiasm.
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