Sandstorm Gold (SAND) got here out with quarterly earnings of $0.03 per share, lacking the Zacks Consensus Estimate of $0.05 per share. This compares to lack of $0.01 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -40%. 1 / 4 in the past, it was anticipated that this supplier of financing for gold mining corporations would submit earnings of $0.05 per share when it truly produced earnings of $0.05, delivering no shock.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Sandstorm Gold, which belongs to the Zacks Mining – Gold business, posted revenues of $31 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 0.64%. This compares to year-ago revenues of $21.33 million. The corporate has topped consensus income estimates simply as soon as during the last 4 quarters.
The sustainability of the inventory’s instant worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Sandstorm Gold shares have added about 8.7% because the starting of the 12 months versus the S&P 500’s acquire of 11.4%.
What’s Subsequent for Sandstorm Gold?
Whereas Sandstorm Gold has underperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a powerful monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Sandstorm Gold was combined. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You’ll be able to see the whole record of at present’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.04 on $28.Eight million in revenues for the approaching quarter and $0.17 on $116.68 million in revenues for the present fiscal 12 months.
Traders must be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Mining – Gold is at the moment within the backside 4% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Sandstorm Gold Ltd (SAND): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.