PotlatchDeltic Q1 Sales $228.127M Miss $229.544M Estimate
Portfolio Pulse from Benzinga Newsdesk
PotlatchDeltic reported Q1 sales of $228.127M, missing the consensus estimate of $229.544M by 0.62%, marking an 11.57% decrease from the previous year.
April 29, 2024 | 8:29 pm
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NEGATIVE IMPACT
PotlatchDeltic's Q1 sales missed estimates and showed a significant year-over-year decline.
Missing sales estimates and a significant year-over-year decline are typically seen as negative indicators by the market, likely leading to a short-term negative impact on PCH's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100