Yahoo Finance U.S. Silica Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
U.S. Silica Holdings (NYSE:SLCA) First Quarter 2024 Results
Key Financial Results
Revenue: US$325.9m (down 26% from 1Q 2023).
Net income: US$13.7m (down 69% from 1Q 2023).
Profit margin: 4.2% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.18 (down from US$0.58 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
U.S. Silica Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.3%.
Looking ahead, revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Energy Services industry in the US are expected to grow by 7.6%.
Performance of the American Energy Services industry.
The company's shares are up 24% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for U.S. Silica Holdings you should be aware of, and 2 of them are a bit concerning.
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