Superior Drilling Prods Q2 EPS $0.01 Misses $0.03 Estimate, Sales $5.37M Miss $5.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Drilling Prods (AMEX:SDPI) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.03 by 66.67%. The company also reported quarterly sales of $5.37 million, missing the analyst consensus estimate of $5.90 million by 9.03%. However, this is an 18.19% increase over sales of $4.54 million the same period last year.
August 14, 2023 | 10:32 am
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NEGATIVE IMPACT
Superior Drilling Prods reported lower than expected Q2 earnings and sales. However, sales increased by 18.19% compared to the same period last year.
The company's earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the YoY increase in sales might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100