Black Stone Minerals Q1 2024 GAAP EPS $0.27 Misses $0.35 Estimate, Sales $105.493M Miss $120.341M Estimate
Portfolio Pulse from Benzinga Newsdesk
Black Stone Minerals (NYSE:BSM) reported Q1 2024 earnings of $0.27 per share, missing the consensus estimate of $0.35. Sales were $105.493M, below the $120.341M estimate, marking a 39.57% decrease from the same period last year.
May 06, 2024 | 9:44 pm
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Black Stone Minerals reported lower than expected Q1 2024 earnings and sales, missing estimates and showing a significant year-over-year decline.
Missing both earnings and sales estimates significantly, especially with a substantial year-over-year sales decline, typically exerts downward pressure on a stock's price in the short term. Investors may view this performance as a sign of operational or market challenges facing BSM, potentially leading to reduced investor confidence and a decrease in stock price.
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IMPORTANCE 90
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