Gold Royalty Q4 Adj EPS $(0.01), Inline, Sales $797.00K Down From $866.00K YoY
Portfolio Pulse from bharat@benzinga.com
Gold Royalty Corp. (GROY) reported Q4 adjusted EPS of $(0.01), which was in line with analyst estimates and marked a 66.67% improvement from $(0.03) per share in the same quarter last year. However, sales decreased by 7.97% to $797,000 from $866,000 in the same period last year.
November 14, 2023 | 9:44 pm
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NEUTRAL IMPACT
Gold Royalty Corp. reported Q4 adjusted EPS of $(0.01), meeting analyst expectations and improving from last year's $(0.03) per share. Sales declined to $797K from $866K YoY.
While Gold Royalty met analyst EPS estimates and showed an improvement in losses year-over-year, the decrease in sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The EPS improvement indicates some operational efficiency or cost control, which is positive, but the drop in sales suggests potential challenges in revenue growth. The balance of these factors is likely to result in a neutral market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100