SSR Mining Q1 2024 Adj EPS $0.10 Beats $(0.09) Estimate, Sales $230.234M Down From $314.614M YoY
Portfolio Pulse from Benzinga Newsdesk
SSR Mining (NASDAQ:SSRM) reported Q1 2024 adjusted EPS of $0.10, surpassing the $(0.09) estimate, but saw a 26.82% decrease in sales to $230.234M from $314.614M YoY.
May 08, 2024 | 8:51 pm
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SSR Mining reported a significant beat on EPS estimates but a sharp decline in sales YoY for Q1 2024.
The positive earnings surprise could provide short-term support to SSRM's stock price, offsetting the negative impact of the sales decline. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100