Gulfport Energy Earnings: Here’s Why Shares are Down Now
Gulfport Energy Corp. (NASDAQ:GPOR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.88%.
Gulfport Energy Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 79.17% to $0.1 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Decreased 15.98% to $55 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gulfport Energy Corp. reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.15. It missed the average revenue estimate of $57.99 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…