Intrepid Potash Inc reports results for the quarter ended in June - Earnings Summary

Intrepid Potash

06/08/2024 24:36

* Intrepid Potash Inc  IPI.N  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 33
cents.  The mean expectation of two analysts for the quarter was
for earnings of one cent per share. Wall Street expected
results to range from -1 cents to 2 cents per share.
    * Revenue fell 23.4% to $62.06 million from a year ago;
analysts
expected $50.95 million. 
    * Intrepid Potash Inc's reported EPS for the quarter was a
loss
of 6 cents​.
    * The company reported a quarterly loss of $833 thousand.
    * Intrepid Potash Inc shares had risen by 0.5% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 103.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the agricultural
chemicals peer group is also "sell"

Wall Street's median 12-month price target for Intrepid Potash
Inc is $17.00 
This summary was machine generated from LSEG data August 5 at
11:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.01           -0.06          Missed
 Mar. 31 2024      -0.11          -0.14          Missed
 Dec. 31 2023      -0.22          -0.41          Missed
 Sep. 30 2023      -0.11          -0.53          Missed