Superior Drilling Prods Q4 Sales $4.273M Miss $5.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Drilling Products (SDPI) reported Q4 sales of $4.273M, missing the consensus estimate of $5.600M by 23.70%, and marking an 18.67% decrease from the same period last year.
March 07, 2024 | 9:40 pm
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NEGATIVE IMPACT
Superior Drilling Products reported lower than expected Q4 sales, missing estimates by 23.70% and experiencing an 18.67% YOY decrease.
Missing sales estimates by a significant margin and showing a notable year-over-year decrease in sales could lead to negative investor sentiment and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100