Recap: Idaho Strategic Resources Q4 Earnings
Portfolio Pulse from Benzinga Insights
Idaho Strategic Resources (AMEX:IDR) reported Q4 earnings with a -60.0% miss on estimated EPS, achieving $0.02 versus an estimate of $0.05. Revenue increased by $345 thousand year-over-year. The company's past performance shows variability in meeting EPS estimates, with a notable 4.0% share price drop following last quarter's earnings beat.
March 25, 2024 | 1:20 pm
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Idaho Strategic Resources reported a significant miss in Q4 earnings with EPS of $0.02 against an estimate of $0.05, but saw an increase in revenue compared to last year.
The significant miss in EPS estimates for Q4 is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price, similar to the 4.0% drop observed after last quarter's earnings beat. However, the increase in revenue might mitigate some negative perceptions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100