CVR Energy Q3 2024 Adj EPS $(0.50) Misses $(0.09) Estimate, Sales $1.83B Miss $1.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
CVR Energy reported a significant earnings miss for Q3 2024, with an adjusted EPS of $(0.50) compared to the expected $(0.09). Sales also fell short at $1.83 billion against the $1.91 billion estimate, marking a substantial decline from the previous year.
October 28, 2024 | 9:08 pm
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CVR Energy's Q3 2024 earnings and sales significantly missed analyst expectations, with EPS at $(0.50) versus the expected $(0.09) and sales at $1.83 billion versus $1.91 billion. This represents a major decline from the previous year.
The significant miss in both EPS and sales compared to analyst estimates and the previous year's performance is likely to negatively impact CVR Energy's stock price in the short term. The magnitude of the miss suggests potential concerns about the company's financial health and operational efficiency.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100