Recap: Smart Sand Q4 Earnings
Portfolio Pulse from Benzinga Insights
Smart Sand (NASDAQ:SND) reported Q4 earnings with an EPS of $-0.12, missing estimates by -100.0% and a revenue decrease of $11.88 million from the previous year. Despite beating EPS estimates in Q3 2023, this quarter's results show a significant downturn.
March 11, 2024 | 9:10 pm
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NEGATIVE IMPACT
Smart Sand reported a significant miss in Q4 earnings with an EPS of $-0.12, underperforming estimates by -100%, and a notable decrease in revenue compared to last year.
The significant miss in both EPS and revenue for Smart Sand in Q4 indicates a potential negative short-term impact on the stock price. Historical data shows that past earnings performance, such as the Q3 beat, led to a positive next-day share price movement. However, the drastic underperformance this quarter could lead to a decrease in investor confidence and a subsequent drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100