Royal Gold Q1 2024 Adj EPS $0.91 Misses $0.94 Estimate, Sales $148.900M Miss $153.035M Estimate
Portfolio Pulse from Benzinga Newsdesk
Royal Gold (RGLD) reported Q1 2024 adjusted EPS of $0.91, missing the $0.94 estimate, and sales of $148.9M, below the $153.035M estimate. This represents a 12.61% decrease in sales compared to the same period last year.
May 08, 2024 | 8:46 pm
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NEGATIVE IMPACT
Royal Gold reported lower than expected Q1 2024 earnings and sales, with a significant year-over-year decrease in sales.
Missing both EPS and sales estimates, especially with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and Royal Gold's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100