PEDEVCO Q2 EPS $0.03 Beats $0.02 Estimate, Sales $11.80M Beat $9.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
PEDEVCO (AMEX:PED) reported Q2 earnings of $0.03 per share, beating the analyst estimate of $0.02. Sales were $11.80 million, surpassing the $9.68 million estimate. Despite the beats, EPS decreased by 25% year-over-year.
August 14, 2024 | 8:49 pm
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PEDEVCO reported Q2 EPS of $0.03, beating the $0.02 estimate, and sales of $11.80M, beating the $9.68M estimate. However, EPS decreased by 25% YoY.
The positive earnings and revenue beats are likely to boost investor sentiment in the short term. However, the year-over-year decline in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100