Black Stone Minerals Q2 2024 GAAP EPS $0.29 Misses $0.36 Estimate, Sales $109.624M Miss $119.591M Estimate
Portfolio Pulse from Benzinga Newsdesk
Black Stone Minerals (NYSE:BSM) reported Q2 2024 earnings per share of $0.29, missing the analyst estimate of $0.36 by 19.44%. The company also reported sales of $109.624 million, missing the estimate of $119.591 million by 8.33%. This represents a 6.30% decrease from the same period last year.
August 05, 2024 | 9:31 pm
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Black Stone Minerals reported Q2 2024 earnings and sales that missed analyst estimates, with EPS at $0.29 versus the expected $0.36 and sales at $109.624 million versus the expected $119.591 million. This also marks a 6.30% decrease in sales from the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100