Par Pacific (PARR) experienced a significant negative EPS surprise in Q3 2024, with the EPS falling by 66.67%1. This negative surprise had a considerable impact on the stock, as evidenced by the following:
- Subsequent Stock Performance: The stock's price declined by 5% on the day after the earnings release, which was September 30, 20241. This decline suggests that the market reacted negatively to the earnings news.
- Ongoing Volatility: The stock continued to experience volatility in the following weeks, with a decrease of 1.46% by September 10, 2024, and a further decrease of 1.17% by August 20, 20241. This volatility indicates that the market was still processing the earnings news and adjusting its expectations accordingly.
- Limited Recovery: Despite some minor positive changes in the stock price in the period, such as a 2.32% increase by July 1, 2024, and a 2.68% increase by August 9, 20241, the stock did not fully recover from the negative impact of the earnings surprise. The overall trend of the stock price in the period was largely downward, which further supports the notion that the EPS surprise had a significant negative effect on the stock.
In conclusion, Par Pacific's Q3 2024 EPS surprise had a substantial negative impact on the stock, leading to immediate and ongoing volatility, and limited recovery in the following weeks.
4/11/2025 03:28am
