Smart Sand Q1 EPS $(0.01) Misses $0.05 Estimate, Sales $83.05M Beat $75.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smart Sand (NASDAQ:SND) reported Q1 earnings with a loss of $(0.01) per share, missing the $0.05 estimate, but sales of $83.05M exceeded the $75.20M forecast. This represents a 75% decrease in losses and a slight 0.85% increase in sales compared to the same period last year.
May 13, 2024 | 8:33 pm
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NEUTRAL IMPACT
Smart Sand reported a Q1 EPS loss of $(0.01), missing estimates, but exceeded sales forecasts with $83.05M. Year-over-year, losses decreased by 75% and sales slightly increased by 0.85%.
The mixed results with a miss on EPS but a beat on sales forecasts could lead to neutral market reaction. The significant reduction in losses compared to last year and a slight increase in sales indicate operational improvements, which might offset the negative impact of the EPS miss in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100