Sitio Royalties Q2 EPS $(0.01) Misses $0.27 Estimate, Sales $136.47M Miss $159.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sitio Royalties (NYSE:STR) reported Q2 earnings per share of $(0.01), missing the analyst consensus estimate of $0.27 by 103.7%. This is a 102.56% decrease from the same period last year. The company also reported quarterly sales of $136.47 million, missing the analyst consensus estimate of $159.40 million by 14.39%. However, this is a 55.42% increase from the same period last year.
August 08, 2023 | 8:08 pm
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Sitio Royalties reported a significant miss in Q2 earnings and sales, which could negatively impact the stock price in the short term.
Sitio Royalties reported a significant miss in both earnings per share and sales for Q2. This underperformance compared to analyst estimates could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100