Evolution Petroleum Q4 2024 GAAP EPS $0.04 Misses $0.05 Estimate, Sales $21.227M Miss $23.722M Estimate
Portfolio Pulse from Benzinga Newsdesk
Evolution Petroleum reported Q4 2024 earnings per share of $0.04, missing the consensus estimate of $0.05. Sales were $21.227 million, below the expected $23.722 million, but up 16.80% from the previous year.
September 10, 2024 | 8:16 pm
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NEGATIVE IMPACT
Evolution Petroleum's Q4 2024 earnings and sales missed analyst estimates, with EPS at $0.04 and sales at $21.227M. Despite the miss, sales increased 16.80% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year sales growth of 16.80% may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100