Sable Offshore Q2 EPS $(2.75) Misses $(0.39) Estimate
Portfolio Pulse from Benzinga Newsdesk
Sable Offshore (NYSE:SOC) reported a Q2 EPS of $(2.75), significantly missing the analyst consensus estimate of $(0.39) by 605.13%.
August 13, 2024 | 8:52 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sable Offshore (NYSE:SOC) reported a Q2 EPS of $(2.75), significantly missing the analyst consensus estimate of $(0.39) by 605.13%. This substantial miss is likely to negatively impact the stock price in the short term.
The significant miss on earnings per share (EPS) compared to analyst expectations is likely to result in a negative market reaction. Investors typically react unfavorably to such large discrepancies, leading to a potential decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100