Smart Sand Inc reports results for the quarter ended in January - Earnings Summary

Smart Sand

14/08/2024 02:03

* Smart Sand Inc  SND.OQ  reported quarterly adjusted
earnings of
2 cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 17
cents.  The mean expectation of two analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -2 cents to -1 cents per share.
    * Revenue fell 1.3% to $73.80 million from a year ago;
analysts
expected $68.15 million. 
    * Smart Sand Inc's reported EPS for the quarter was a loss
of 1
cent​.
    * The company reported a quarterly loss of $430 thousand.
    * Smart Sand Inc shares had fallen by 12.8% this quarter and
lost 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 175%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Smart Sand Inc is
$2.63 
This summary was machine generated from LSEG data August 14 at
01:03 a.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          0.02           Beat
 Mar. 31 2024      0.05           -0.01          Missed
 Dec. 31 2023      -0.06          -0.12          Missed
 Sep. 30 2023      0.03           0.18           Beat