Sitio Royalties Q1 2024 GAAP EPS $0.10 Misses $0.15 Estimate, Sales $151.391M Beat $142.425M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sitio Royalties (NYSE:STR) reported Q1 2024 GAAP EPS of $0.10, missing the $0.15 estimate, a 64.29% decrease from last year's $0.28. However, sales of $151.391M exceeded the $142.425M estimate, a slight increase from last year's $150.826M.

May 08, 2024 | 8:31 pm
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NEUTRAL IMPACT
Sitio Royalties reported a significant earnings miss but a slight beat on sales for Q1 2024, indicating mixed financial health.
The earnings miss by Sitio Royalties could negatively impact investor sentiment due to the significant decrease in EPS year-over-year. However, the slight increase in sales compared to last year and beating the sales estimate may offset some of the negative sentiment. The mixed financial results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100