Solaris Oilfield Infra Q2 EPS $0.25 Beats $0.20 Estimate, Sales $77.20M Beat $77.20M Estimate
Portfolio Pulse from mahesh@benzinga.com
Solaris Oilfield Infra (NYSE:SOI) reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.20 by 25%. This is a 25% increase from the same period last year. The company also reported quarterly sales of $77.20 million, matching the analyst consensus estimate, but marking a 10.97% decrease from the same period last year.
July 27, 2023 | 8:50 pm
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Solaris Oilfield Infra's Q2 earnings beat estimates, showing a 25% YoY increase. However, sales matched estimates and showed a 10.97% YoY decrease.
Solaris Oilfield Infra's earnings beat is a positive signal for investors, indicating strong profitability. However, the decrease in sales compared to the same period last year might be a concern, potentially indicating a slowdown in business. These two factors could balance each other out, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100