Smart Sand (SND) Reports Q1 Loss, Tops Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Smart Sand Quarterly Report:
- Smart Sand (SND) reported a quarterly loss of $0.01 per share, beating the Zacks Consensus Estimate of $0.05.
- The company showed an earnings surprise of -120% and has surpassed consensus EPS estimates two times in the last four quarters.
- Revenues for the quarter ended March 2024 were $83.05 million, exceeding expectations by 10.44%.
- Smart Sand shares have gained about 20.7% since the beginning of the year.
- The stock's future movement will depend on management's commentary on the earnings call.
Outlook for Smart Sand:
- Investors are looking at the company's earnings outlook to predict future stock performance.
- Estimate revisions trend for Smart Sand is favorable, translating into a Zacks Rank #2 (Buy).
- Current consensus EPS estimate is $0.06 for the coming quarter and $0.11 for the current fiscal year.
- Industry outlook can impact stock performance; Oil and Gas - Field Services is currently ranked in the bottom 37% of Zacks industries.
iSun, Inc. Results:
- iSun, Inc. (ISUN) in the Oils-Energy sector is yet to report results for the quarter ended March 2024.
- Expected to post a quarterly loss of $0.04 per share, representing a +79% change from the previous year.
- Revenues are anticipated to be $19.7 million, up 13.5% from the year-ago quarter.
Analyst Views on SND
About SND
Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to its frac sand customers. Its segments include Sand and SmartSystems. The Sand segment includes both frac sand sales and industrial products solutions (IPS) sales. The sand production process begins the same way for each of these revenue streams. The SmartSystems segment offers customers portable wellsite storage and management solutions that enable customers to unload, store, and deliver proppant at the wellsite. The Company produces Northern White sand, which is sand used as a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. The Company also offers proppant logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems well-site proppant storage capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
