Intrepid Potash Q3 2023 Adj EPS $(0.53) Misses $(0.10) Estimate, Sales $54.47M Beat $43.37M Estimate
Portfolio Pulse from saritha@benzinga.com
Intrepid Potash (NYSE:IPI) reported Q3 2023 losses of $(0.53) per share, missing the analyst consensus estimate of $(0.10) by 430%. This is a 154.64% decrease over earnings of $0.97 per share from the same period last year. However, the company reported quarterly sales of $54.47 million, beating the analyst consensus estimate of $43.37 million by 25.58%. This is a 27.14% decrease over sales of $74.75 million the same period last year.
November 08, 2023 | 10:02 pm
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Intrepid Potash reported a significant miss on earnings but beat sales estimates for Q3 2023. The earnings miss could negatively impact the stock in the short term.
Intrepid Potash's earnings miss by a significant margin could lead to a negative sentiment among investors, potentially driving the stock price down in the short term. However, the sales beat might mitigate some of the negative impact.
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