Mammoth Energy Services Q3 2024 GAAP EPS $(0.50) Misses $(0.01) Estimate, Sales $40.015M Miss $47.178M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services reported a significant earnings miss for Q3 2024, with a GAAP EPS of $(0.50) compared to the expected $(0.01). Sales also fell short at $40.015M, missing the $47.178M estimate and marking a 38.40% decrease from the previous year.
November 01, 2024 | 11:03 am
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NEGATIVE IMPACT
Mammoth Energy Services reported a Q3 2024 GAAP EPS of $(0.50), missing the $(0.01) estimate by a large margin. Sales were $40.015M, below the $47.178M estimate, and down 38.40% from last year.
The significant miss on both EPS and sales estimates, along with a substantial year-over-year sales decline, is likely to negatively impact TUSK's stock price in the short term. Investors may react to the unexpected poor performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100