PBF Energy Q3 2024 Adj. EPS $(1.50) Misses $(1.41) Estimate, Sales $8.382B Beat $8.197B Estimate
Portfolio Pulse from Benzinga Newsdesk
PBF Energy reported a Q3 2024 adjusted EPS of $(1.50), missing the $(1.41) estimate, but sales of $8.382B beat the $8.197B estimate. This marks a significant decrease in earnings and sales compared to the same period last year.
October 31, 2024 | 10:33 am
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PBF Energy's Q3 2024 earnings report shows a miss on EPS estimates with a significant drop from last year, but sales exceeded expectations. This mixed result may lead to volatility in the stock price.
The miss on EPS estimates and the significant year-over-year decrease in earnings are likely to negatively impact investor sentiment, leading to a potential short-term decline in stock price. However, the beat on sales estimates may provide some support, resulting in potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100