Kodiak Gas Services Q2 2024 GAAP EPS $0.06 Misses $0.53 Estimate, Sales $309.700M Miss $311.415M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kodiak Gas Services (NYSE:KGS) reported Q2 2024 earnings of $0.06 per share, missing the analyst estimate of $0.53 by 88.68%. Sales were $309.7M, slightly below the $311.415M estimate. Despite the misses, sales increased by 52.33% year-over-year.
August 13, 2024 | 7:31 am
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Kodiak Gas Services reported Q2 2024 earnings of $0.06 per share, significantly missing the analyst estimate of $0.53. Sales were $309.7M, slightly below the $311.415M estimate. Despite the misses, sales increased by 52.33% year-over-year.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact the stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100