Intrepid Potash Q2 Adj EPS $0.33 Misses $0.44 Estimate, Sales $81.03M Beat $61.35M Estimate
Portfolio Pulse from bharat@benzinga.com
Intrepid Potash (NYSE:IPI) reported Q2 earnings of $0.33 per share, missing the analyst consensus estimate of $0.44 by 25%. This is a decrease of 81.87% from the same period last year. However, the company's quarterly sales of $81.03 million beat the analyst consensus estimate of $61.35 million by 32.09%, despite being an 11.67% decrease from last year.
August 04, 2023 | 12:15 pm
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NEUTRAL IMPACT
Intrepid Potash's Q2 earnings missed estimates, but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
Intrepid Potash's earnings miss could negatively impact the stock price. However, the sales beat could offset this to some extent. The net impact is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100