US Silica Holdings Q1 2024 Adj. EPS $0.20, Inline, Sales $325.900M Miss $336.591M Estimate
Portfolio Pulse from Benzinga Newsdesk
US Silica Holdings (NYSE:SLCA) reported Q1 2024 adjusted EPS of $0.20, meeting analyst estimates, but missed sales forecasts with $325.9M versus the expected $336.591M, a 3.18% miss and a 26.31% decrease from the previous year.
April 26, 2024 | 11:03 am
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US Silica Holdings reported Q1 2024 earnings with an EPS of $0.20, in line with estimates, but sales missed expectations by 3.18%, showing a significant year-over-year decline.
The miss in sales forecasts and the significant year-over-year decline in sales are likely to negatively impact investor sentiment towards SLCA in the short term. Meeting EPS estimates may not fully offset concerns about declining revenue.
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