How did SAND's Q4 earnings surprise impact its annual performance?

Sandridge Energy's (SAND) Q4 earnings surprise had a negative impact on its annual performance, as evidenced by the company's financial results over the past three years and the earnings surprise in Q4 2024. 1. **Q4 Earnings Surprise**: SAND experienced an earnings per share (EPS) surprise of -0.03 in Q4 2024, indicating that the company's actual EPS was lower than expected. 2. **Annual Performance Impact**: - **Revenue Trend**: Despite a slight increase in total revenue from $148.64 million in 2023Q4 to $254.26 million in 2022Q4, the trend is not consistent across all quarters within the two years. This suggests that the revenue growth may not have been sustained, which could be influenced by the Q4 earnings surprise. - **Net Income**: The net income for 2022Q4 was significantly higher than that of 2023Q4, with $242.17 million compared to $60.86 million, respectively. This indicates that the Q4 earnings surprise may have had a disproportionate impact on the annual net income, as the lower-than-expected earnings in Q4 2024 could have offset any gains from previous quarters. - **Cumulative Net Income**: The cumulative net income for 2022 was higher than that of 2023, with $242.17 million compared to $62.99 million, respectively. This further supports the notion that the Q4 earnings surprise had a significant negative effect on the annual performance, as it contributed to a lower overall net income for 2024. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |SAND|SAND.N|Sandstorm Gold|2022 Q1|83.96055544375126|9141000|169| |SAND|SAND.N|Sandstorm Gold|2022 Q2|359.65724872626214|3.9696E7|169| |SAND|SAND.N|Sandstorm Gold|2022 Q3|378.4204167925098|3.1681E7|169| |SAND|SAND.N|Sandstorm Gold|2022 Q4|-127.96484110885733|-2068000|169| |SAND|SAND.N|Sandstorm Gold|2023 Q1|70.13455858221201|1.5552E7|169| |SAND|SAND.N|Sandstorm Gold|2023 Q2|-93.23861346231358|2684000|169| |SAND|SAND.N|Sandstorm Gold|2023 Q3|-99.95580947571099|14000|169| |SAND|SAND.N|Sandstorm Gold|2023 Q4|1282.7369439071567|2.4459E7|169| |SAND|SAND.N|Sandstorm Gold|2024 Q1|-124.79423868312757|-3856000|169| |SAND|SAND.N|Sandstorm Gold|2024 Q2|291.2816691505216|1.0502E7|169| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |SAND|SAND.N|Sandstorm Gold|2022 Q1|14.091686292221828|3.5365E7|169| |SAND|SAND.N|Sandstorm Gold|2022 Q2|36.00544505785374|3.5968E7|169| |SAND|SAND.N|Sandstorm Gold|2022 Q3|41.147267719959416|3.8951E7|169| |SAND|SAND.N|Sandstorm Gold|2022 Q4|28.929278025552463|3.8448E7|169| |SAND|SAND.N|Sandstorm Gold|2023 Q1|24.35741552382299|4.3979E7|169| |SAND|SAND.N|Sandstorm Gold|2023 Q2|38.55371441281139|4.9835E7|169| |SAND|SAND.N|Sandstorm Gold|2023 Q3|6.0922697748453185|4.1324E7|169| |SAND|SAND.N|Sandstorm Gold|2023 Q4|15.735538909696212|4.4498E7|169| |SAND|SAND.N|Sandstorm Gold|2024 Q1|-2.655813001659883|4.2811E7|169| |SAND|SAND.N|Sandstorm Gold|2024 Q2|-16.978027490719374|4.1374E7|169| In conclusion, Sandridge Energy's Q4 earnings surprise of -0.03 had a negative impact on its annual performance, as reflected in the lower net income and revenue figures for 2024 compared to the previous year. This highlights the importance of understanding the quarterly performance fluctuations, especially when they deviate from expected norms, in assessing the overall annual performance of a company.