Gatos Silver Q1 2024 Adj EPS $0.04 Misses $0.05 Estimate
Portfolio Pulse from Benzinga Newsdesk
Gatos Silver (NYSE:GATO) reported Q1 2024 adjusted earnings per share (EPS) of $0.04, missing the consensus analyst estimate of $0.05 by 20%.
May 06, 2024 | 9:02 pm
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NEGATIVE IMPACT
Gatos Silver reported a Q1 2024 adjusted EPS of $0.04, missing the consensus estimate of $0.05 by 20%.
Missing the consensus earnings estimate typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The 20% miss is significant, indicating that the company underperformed expectations, which could lead to a decrease in investor confidence and a negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100