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KRPBearishEarningsnews
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Kimbell Royalty (KRP) Lags Q1 Earnings Estimates

May 2, 2024, 9:20 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Kimbell Royalty (KRP) missed earnings estimates with $0.04 per share, lower than $0.19 expected. - Revenues were $82.23 million, beating estimates by 2.85%. - Stock has underperformed S&P 500 this year, gaining 3.9%. - Estimate revisions trend for KRP is unfavorable, with Zacks Rank #4 (Sell). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Kimbell Royalty (KRP) missed earnings estimates with $0.04 per share, lower than $0.19 expected.
  • Revenues were $82.23 million, beating estimates by 2.85%.
  • Stock has underperformed S&P 500 this year, gaining 3.9%.
  • Estimate revisions trend for KRP is unfavorable, with Zacks Rank #4 (Sell).

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