Yahoo Finance PBF Energy Second Quarter 2024 Earnings: EPS Misses Expectations
PBF Energy (NYSE:PBF) Second Quarter 2024 Results
Key Financial Results
Revenue: US$8.74b (down 4.6% from 2Q 2023).
Net loss: US$65.2m (down by 106% from US$1.02b profit in 2Q 2023).
US$0.56 loss per share (down from US$8.14 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PBF Energy EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.5%.
Performance of the American Oil and Gas industry.
The company's shares are down 11% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for PBF Energy (1 shouldn't be ignored!) that you should be aware of before investing here.
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