Mammoth Energy Services Q1 2024 GAAP EPS $(0.25) Misses $(0.03) Estimate, Sales $43.189M Miss $55.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services (NASDAQ:TUSK) reported a significant miss in both earnings and revenue for Q1 2024. The GAAP EPS of $(0.25) was far below the $(0.03) estimate, marking a 733.33% miss and a 247.06% decrease from the previous year's earnings. Sales also fell short at $43.189M against estimates of $55.500M, a 22.18% miss and a 62.87% decrease from the previous year.

May 02, 2024 | 11:10 am
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NEGATIVE IMPACT
Mammoth Energy Services reported a significant miss in Q1 2024 earnings and revenue, with EPS and sales far below estimates and last year's figures.
The substantial miss in both earnings per share and revenue compared to analyst estimates and the previous year's figures suggests a negative outlook for TUSK in the short term. The magnitude of the miss, especially in earnings per share, which was over seven times lower than expected, indicates significant operational or market challenges. This is likely to lead to negative investor sentiment and could result in a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100