Cheniere Energy Q3 2024 GAAP EPS $3.93 Beats $1.87 Estimate, Sales $3.763B Beat $3.729B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy reported Q3 2024 earnings per share of $3.93, significantly surpassing the analyst estimate of $1.87. The company's sales were $3.763 billion, slightly above the expected $3.729 billion, though down 9.52% from the previous year.
October 31, 2024 | 11:33 am
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POSITIVE IMPACT
Cheniere Energy's Q3 2024 earnings per share of $3.93 exceeded expectations by 110.16%, and sales of $3.763 billion also beat estimates. Despite a year-over-year sales decline, the strong earnings performance is likely to positively impact the stock price in the short term.
The significant beat on EPS by 110.16% indicates strong profitability, which is a positive signal for investors. Although sales decreased year-over-year, they still surpassed expectations, suggesting resilience in revenue generation. These factors combined are likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100