Comstock Q1 2024 GAAP EPS $(0.06) Misses $(0.04) Estimate, Sales $400.000K Miss $544.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
Comstock (AMEX:LODE) reported Q1 2024 earnings with a GAAP EPS of $(0.06), missing the $(0.04) estimate, and sales of $400K, below the $544K estimate. This represents a significant increase over last year's sales of $30.75K.
April 30, 2024 | 10:05 am
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Comstock's Q1 2024 earnings missed estimates with a GAAP EPS of $(0.06) and sales of $400K, indicating potential concerns over its financial performance.
Missing both EPS and sales estimates significantly, especially by 50% for EPS and 26.47% for sales, suggests underperformance and could lead to negative investor sentiment in the short term. The comparison to last year's sales indicates growth, but the miss on expectations could overshadow this positive aspect.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100