Coeur Mining Q2 EPS $(0.06), Inline, Sales $177.24M Miss $225.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coeur Mining (NYSE:CDE) reported Q2 earnings per share of $(0.06), in line with analyst estimates. However, the company's quarterly sales of $177.24 million missed the consensus estimate of $225.00 million by 21.23%. This represents a 20% decrease in earnings and a 13.17% decrease in sales compared to the same period last year.
August 09, 2023 | 8:31 pm
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NEGATIVE IMPACT
Coeur Mining's Q2 earnings met expectations but sales significantly missed estimates, indicating potential operational or market challenges.
Coeur Mining's earnings were in line with expectations, which is generally a positive signal. However, the significant miss on sales could indicate operational inefficiencies or a decrease in market demand, both of which are negative signals for the stock. The year-over-year decrease in both earnings and sales further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100