Ero Copper Q2 Adj EPS $0.24 Beats $0.23 Estimate, Sales $104.90M Miss $109.00M Estimate
Portfolio Pulse from totan@benzinga.com
Ero Copper (NYSE:ERO) reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.23 by 4.35%. However, this is an 11.11% decrease from the same period last year. The company's quarterly sales were $104.90 million, missing the analyst consensus estimate of $109.00 million by 3.76%, and marking an 8.70% decrease from the same period last year.
August 04, 2023 | 2:35 pm
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Ero Copper's Q2 earnings beat estimates but were down YoY. Sales missed estimates and were also down YoY.
Ero Copper's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100