Baytex Energy Q3 EPS $0.17 Misses $0.23 Estimate, Sales $787.72M Beat $765.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Baytex Energy reported Q3 earnings per share of $0.17, missing the $0.23 estimate, but sales of $787.72M beat the $765.15M estimate. EPS increased by 51.79% from last year, while sales decreased by 9.14%.
October 31, 2024 | 9:13 pm
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Baytex Energy's Q3 EPS of $0.17 missed the $0.23 estimate, but sales of $787.72M exceeded expectations. EPS increased significantly from last year, but sales declined.
The mixed earnings report, with EPS missing but sales beating estimates, suggests a neutral short-term impact on Baytex Energy's stock price. The significant YoY EPS increase is positive, but the sales decline is a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100