Gold Royalty Q1 Adj. EPS $0.01 Beats $(0.01) Estimate, Sales $1.02M Miss $1.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gold Royalty (AMEX:GROY) reported Q1 adjusted EPS of $0.01, beating estimates of $(0.01), a 150% increase from last year. However, sales of $1.02M missed estimates by 46.53%, despite being a 74.57% increase from the previous year.
March 28, 2024 | 10:28 am
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NEUTRAL IMPACT
Gold Royalty reported a Q1 adjusted EPS of $0.01, surpassing estimates, and a significant sales increase from last year, although it missed sales estimates.
While the EPS beat is positive, the significant miss on sales estimates could temper investor enthusiasm, leading to a neutral short-term impact on GROY's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100