Stronghold Digital Mining Q1 EPS $0.35 Beats $(0.22) Estimate, Sales $27.52M Miss $29.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining (NASDAQ:SDIG) reported Q1 earnings of $0.35 per share, surpassing the $(0.22) estimate, marking a 250% increase from last year. However, their Q1 sales of $27.52M fell short of the $29.01M estimate, despite being a 59.40% increase from the previous year.
May 02, 2024 | 1:31 pm
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POSITIVE IMPACT
Stronghold Digital Mining reported a significant earnings beat and a substantial year-over-year sales increase, despite missing sales estimates.
The substantial beat on earnings per share (EPS) expectations is likely to positively impact investor sentiment towards SDIG in the short term, despite the slight miss on sales estimates. The impressive year-over-year growth in both earnings and sales highlights the company's strong performance and operational efficiency, which could further bolster investor confidence and potentially drive up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100