Veren Q3 2024 Adj. EPS C$0.29 Misses $0.30 Estimate, Sales C$992.900M Beat $950.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veren (NYSE:VRN) reported Q3 2024 earnings per share of C$0.29, missing the estimate of C$0.30, but sales of C$992.9M exceeded the estimate of C$950.95M. Earnings decreased by 50.85% from last year, while sales slightly decreased by 0.58%.
October 31, 2024 | 10:36 am
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Veren's Q3 2024 EPS of C$0.29 missed expectations, while sales of C$992.9M exceeded forecasts. EPS saw a significant YoY decline, indicating potential challenges.
The miss on EPS, despite a sales beat, suggests cost pressures or operational inefficiencies. The significant YoY decline in EPS is concerning, indicating potential challenges that could negatively impact the stock price in the short term.
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RELEVANCE 100