Stronghold Digital Mining Q3 Sales $17.73M Miss $24.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining (NASDAQ:SDIG) reported Q3 sales of $17.73M, missing the analyst consensus estimate of $24.06M by 26.32%. This represents a 28.37% decrease from the $24.75M in sales reported in the same period last year.
November 14, 2023 | 1:04 pm
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NEGATIVE IMPACT
Stronghold Digital Mining's Q3 sales significantly missed estimates and showed a notable year-over-year decline, indicating potential challenges in the company's performance.
Missing sales estimates by a significant margin and reporting a substantial year-over-year decline are both negative indicators that can lead to a decrease in investor confidence and a potential drop in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100