Black Stone Minerals Q2 EPS $0.35 Misses $0.37 Estimate, Sales $117.00M Beat $116.33M Estimate
Portfolio Pulse from vinayak@benzinga.com
Black Stone Minerals (NYSE:BSM) reported Q2 earnings of $0.35 per share, missing the analyst consensus estimate of $0.37 by 5.41%. This is a 40.68% decrease from the same period last year. However, the company reported quarterly sales of $117.00 million, beating the analyst consensus estimate of $116.33 million by 0.58%. This is a 35.13% decrease from the same period last year.
July 31, 2023 | 10:00 pm
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NEGATIVE IMPACT
Black Stone Minerals' Q2 earnings per share missed estimates by 5.41%, and sales beat estimates by 0.58%. Both earnings and sales have decreased significantly YoY.
The company's earnings per share missed the analyst consensus, which could negatively impact investor sentiment and the stock price. Additionally, the significant YoY decrease in both earnings and sales indicates potential underlying issues that could further negatively impact the stock.
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