Royal Gold Q4 2023 Adj EPS $0.95 Beats $0.77 Estimate, Sales $152.67M Beat $140.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Royal Gold (RGLD) reported Q4 2023 adjusted EPS of $0.95, surpassing the $0.77 estimate, with sales of $152.67M exceeding the $140.16M forecast. This represents a 6.33% decrease in sales compared to the same period last year.
February 14, 2024 | 9:07 pm
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Royal Gold reported a strong Q4 2023 with adjusted EPS and sales beating estimates, despite a year-over-year sales decrease.
Beating both EPS and sales estimates significantly, especially in a challenging economic environment, is likely to instill investor confidence and could lead to a short-term positive impact on RGLD's stock price. However, the year-over-year decrease in sales might temper some of the enthusiasm, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100