Sandstorm Gold Q2 EPS $0.01 Misses $0.02 Estimate, Sales $49.84M Beat $46.10M Estimate
Portfolio Pulse from bharat@benzinga.com
Sandstorm Gold (NYSE:SAND) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.02 by 50%. This is a 95% decrease from the same period last year. However, the company reported quarterly sales of $49.84 million, beating the analyst consensus estimate of $46.10 million by 8.10%. This is a 38.55% increase from the same period last year.
August 04, 2023 | 2:37 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sandstorm Gold's Q2 earnings missed estimates by 50%, but sales beat estimates by 8.10%. Earnings are down 95% YoY, while sales are up 38.55% YoY.
The significant miss on earnings could negatively impact the stock price in the short term. However, the beat on sales could provide some offsetting positive sentiment. The drastic decrease in earnings YoY is a concerning sign, which could lead to a negative reaction from investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100