SandRidge Energy Earnings: Here’s Why Investors are Buying Shares Now
SandRidge Energy, Inc. (NYSE:SD) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.56%.
SandRidge Energy, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.00 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 34.08% to $511.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SandRidge Energy, Inc. reported adjusted EPS of $0 per share. By that measure, the company beat the mean analyst estimate of $-0.06. It beat the average revenue estimate of $478.99 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…