Adams Resources & Energy: Q1 Earnings Insights

Adams Resources & Energy 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.

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.

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.