GeoPark Q2 2024 GAAP EPS $0.48 Misses $0.70 Estimate, Sales $190.20M Miss $194.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
GeoPark (NYSE:GPRK) reported Q2 2024 earnings per share of $0.48, missing the analyst consensus estimate of $0.70 by 31.43%. The company also reported sales of $190.20 million, which missed the estimate of $194.50 million by 2.21%. Despite the misses, sales increased by 4.33% compared to the same period last year.
August 14, 2024 | 8:50 pm
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GeoPark reported Q2 2024 earnings per share of $0.48, missing the analyst consensus estimate of $0.70 by 31.43%. Sales were $190.20 million, missing the estimate of $194.50 million by 2.21%. Despite the misses, sales increased by 4.33% compared to the same period last year.
GeoPark's significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. The 31.43% miss on EPS is particularly concerning for investors, despite the year-over-year sales increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100