Black Stone Minerals Q3 Earnings Per Unit $0.27 Vs $0.75 Prior Year, Sales $109.80M Miss $127.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Black Stone Minerals (NYSE:BSM) reported Q3 earnings of $0.27 per unit, a 64% decrease from the same period last year. Quarterly sales were $109.80 million, missing the analyst consensus estimate of $127.67 million by 14.00% and marking a 49.27% decrease from last year.
October 30, 2023 | 10:07 pm
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NEGATIVE IMPACT
Black Stone Minerals' Q3 earnings and sales fell significantly from last year and missed analyst estimates, which could negatively impact its stock price.
Black Stone Minerals reported a significant decrease in Q3 earnings and sales compared to the same period last year, and also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100