Sociedad Quimica Y Minera Q2 2024 GAAP EPS $0.75 Misses $0.98 Estimate, Sales $1.293B Beat $1.251B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sociedad Quimica Y Minera (NYSE:SQM) reported Q2 2024 earnings per share of $0.75, missing the analyst estimate of $0.98, and marking a 63.05% decrease from the previous year. However, sales were $1.293 billion, beating the estimate of $1.251 billion, despite a 36.99% decrease from last year.
August 21, 2024 | 6:25 am
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Sociedad Quimica Y Minera's Q2 2024 earnings per share fell short of expectations at $0.75, a significant drop from last year, while sales exceeded estimates at $1.293 billion.
The significant miss on EPS compared to analyst expectations and the large year-over-year decline in both EPS and sales are likely to negatively impact SQM's stock price in the short term. However, the beat on sales estimates may provide some support, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100