SM Energy Q3 Adj $1.62 Beats $1.53 Estimate, Sales $643.61M Miss $651.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
SM Energy reported Q3 earnings of $1.62 per share, beating estimates of $1.53, but sales of $643.61M missed the $651.37M estimate. Earnings decreased by 6.36% from last year, while sales increased by 0.42%.
October 31, 2024 | 8:21 pm
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NEUTRAL IMPACT
SM Energy's Q3 earnings per share beat expectations, but sales fell short. Earnings decreased compared to last year, while sales saw a slight increase.
The earnings per share beat suggests positive operational performance, but the sales miss indicates potential challenges in revenue generation. The mixed results may lead to a neutral short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100