Mammoth Energy Services Q2 2024 GAAP EPS $(3.25), Sales $51.529M Beat $42.972M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services (NASDAQ:TUSK) reported a Q2 2024 GAAP EPS of $(3.25) and sales of $51.529 million, beating the analyst estimate of $42.972 million by 19.91%. However, this represents a 31.69% decrease from the same period last year.
August 09, 2024 | 11:06 am
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Mammoth Energy Services reported a Q2 2024 GAAP EPS of $(3.25) and sales of $51.529 million, beating the analyst estimate by 19.91%. However, sales decreased by 31.69% compared to the same period last year.
While Mammoth Energy Services beat sales estimates by 19.91%, the significant year-over-year sales decline of 31.69% and the reported loss per share may neutralize the positive impact of beating estimates. Investors may have mixed reactions, leading to a neutral short-term price impact.
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