Mammoth Energy Services Q4 EPS $(0.12) Misses $(0.09) Estimate, Sales $52.78M Miss $64.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services (NASDAQ:TUSK) reported Q4 losses of $(0.12) per share, missing the $(0.09) estimate by 33.33%, and a 220% decrease from last year's earnings. Sales were $52.78M, missing the $64.45M estimate by 18.10%, and a 48.71% decrease from last year.
March 01, 2024 | 12:04 pm
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Mammoth Energy Services reported significant misses in both EPS and sales for Q4, with a 220% decrease in earnings and a 48.71% decrease in sales year-over-year.
The significant misses in both earnings per share and sales compared to analyst estimates, coupled with the substantial year-over-year declines, are likely to negatively impact investor sentiment and the stock price of Mammoth Energy Services in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100