Sitio Royalties Q2 2024 GAAP EPS $0.15 Misses $0.20 Estimate, Sales $168.548M Beat $161.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sitio Royalties (NYSE:STR) reported Q2 2024 earnings per share (EPS) of $0.15, missing the analyst consensus estimate of $0.20 by 25%. However, the company reported quarterly sales of $168.548 million, beating the analyst consensus estimate of $161.800 million by 4.17%. This represents a 23.51% increase over sales of $136.466 million in the same period last year.
August 07, 2024 | 8:52 pm
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Sitio Royalties reported Q2 2024 EPS of $0.15, missing the $0.20 estimate by 25%, but sales of $168.548M beat the $161.800M estimate by 4.17%, showing a 23.51% YoY increase.
The mixed results, with EPS missing estimates but sales beating expectations and showing significant YoY growth, are likely to have a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100