Nexa Res Q4 2023 Adj EPS $(0.01) Beats $(0.16) Estimate, Sales $630.00M Beat $615.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexa Resources (NEXA) reported Q4 2023 adjusted EPS of $(0.01), surpassing the $(0.16) estimate, and sales of $630M, exceeding the $615.51M estimate. This represents a 93.75% beat on EPS estimates and a 2.35% beat on sales estimates, despite a 19.21% decrease in sales compared to the same period last year.
February 21, 2024 | 11:20 pm
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Nexa Resources reported a significant beat on both EPS and sales estimates for Q4 2023, with adjusted EPS of $(0.01) against an expected $(0.16) and sales of $630M against a forecast of $615.51M.
Beating both EPS and sales estimates significantly, especially by 93.75% on the EPS estimate, is likely to be viewed positively by investors. Despite a year-over-year decrease in sales, the substantial beat on expectations could lead to short-term positive sentiment and upward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100