Ferroglobe Q3 Adj EPS $0.27 Beats $0.18 Estimate, Sales $416.81M Beat $390.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe (NASDAQ:GSM) reported Q3 adjusted earnings of $0.27 per share, beating the analyst consensus estimate of $0.18 by 50%. However, this is a 57.81% decrease from the same period last year. The company also reported quarterly sales of $416.81 million, beating the analyst consensus estimate of $390.35 million by 6.78%, but this is a 29.74% decrease from the same period last year.
November 07, 2023 | 10:04 pm
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Ferroglobe's Q3 earnings and sales beat estimates but are significantly lower than the same period last year.
While Ferroglobe beat analyst estimates for Q3, the significant decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100