Adams Resources & Energy (AMEX:AE) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Adams Resources & Energy missed estimated earnings by 261.76%, reporting an EPS of $-0.55 versus an estimate of $0.34.
Revenue was down $124.08 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.73 which was followed by a 14.82% drop in the share price the next day.
Here’s a look at Adams Resources & Energy’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.88 | 0.76 | 0.62 | 0.32 |
| EPS Actual | -0.85 | 1.06 | 0.69 | -0.24 |
| Revenue Estimate | 801.89M | 947.70M | 764.88M | 624.46M |
| Revenue Actual | 747.72M | 852.90M | 992.05M | 774.25M |
Listen to the earnings announcement yourself by clicking here.
To track all earnings releases for Adams Resources & Energy visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
