Stronghold Digital Mining Q1 Sales $27.52M Miss $29.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining (NASDAQ:SDIG) reported Q1 sales of $27.52M, missing the consensus estimate of $29.01M by 5.13%, but marking a 59.40% increase from the same period last year.
May 02, 2024 | 12:30 pm
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NEGATIVE IMPACT
Stronghold Digital Mining's Q1 sales of $27.52M missed estimates by 5.13%, but showed significant growth from last year.
Missing sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100