SM Energy Earnings: Here’s Why Investors are Excited Now
SM Energy Company (NYSE:SM) delivered a profit 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 2.86%.
SM Energy Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 70.83% to $0.82 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 28.29% to $484.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SM Energy Company reported adjusted EPS income of $0.82 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $455.53 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…