Reported Monday, Black Stone Minerals Q4 EPS $0.65 Beats $0.49 Estimate, Sales $190.84M Beat $137.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Black Stone Minerals (NYSE:BSM) reported Q4 earnings of $0.65 per share, surpassing the $0.49 estimate, and sales of $190.84M, exceeding the $137.96M estimate. However, both earnings and sales saw a decrease from the previous year.
February 20, 2024 | 6:48 am
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BSM reported Q4 earnings of $0.65 per share and sales of $190.84M, beating estimates but showing a decrease from last year.
The positive earnings and sales beat are likely to have a short-term positive impact on BSM's stock price, despite the year-over-year decrease. Investors typically react favorably to earnings beats, which can drive short-term price increases.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100