Ero Copper Q3 2023 Adj EPS $0.18 Misses $0.32 Estimate, Sales $105.20M Miss $159.64M Estimate
Portfolio Pulse from vinayak@benzinga.com
Ero Copper reported Q3 2023 earnings of $0.18 per share, missing the analyst consensus estimate of $0.32 by 43.75%. The company's quarterly sales were $105.20 million, missing the analyst consensus estimate of $159.64 million by 34.10%. However, both earnings and sales increased compared to the same period last year.
November 02, 2023 | 9:08 pm
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NEGATIVE IMPACT
Ero Copper's Q3 2023 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, YoY growth might mitigate some of the negative impact.
Earnings reports are a significant factor in a company's stock performance. Ero Copper's missed estimates could lead to a negative market reaction. However, the YoY growth in earnings and sales might be seen as a positive sign by some investors, potentially mitigating some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100