price up icon2.08%   +0.28

Why is DMC Global Inc (BOOM) Stock down?

We've noticed a 16.78% decline in DMC Global Inc (BOOM) stock during the 2024-05-03 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Nov, 2023:

Shares of DMC Global (BOOM) dropped by 9.95% from $18.99 to $17.10 in the trading on Friday, November 3, 2023. The reason why BOOM down is due to the company's weaker-than-expected quarterly results.

  • Earnings and Revenue Miss: For the quarter ending in September 2023, DMC Global reported revenue of $172.15 million, marking a 1.3% decrease compared to the same period the previous year. Earnings per share (EPS) came in at $0.50, compared to $0.35 in the year-ago quarter. Both revenue and EPS results missed Wall Street expectations, with revenue showing a -6.43% surprise and EPS falling short by -7.41%.
  • Key Metrics and Analyst Projections: Investors often focus on key metrics and analyst projections to assess a company's financial health. In this quarter, DMC Global reported net sales for its business segments:
  • DynaEnergetics: $73 million, exceeding the $76.85 million estimated by two analysts on average, representing a +243.7% change year-over-year.
  • NobelClad: $27.69 million, falling short of the two-analyst average estimate of $30.15 million but showing an +18.4% year-over-year change.
  • Arcadia: $71.46 million, below the $75.10 million average estimate based on two analysts, indicating a -11.5% change compared to the previous year.
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