Ero Copper Q4 Adj $0.21 Misses $0.23 Estimate, Sales $116.40M Beat $104.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ero Copper (NYSE:ERO) reported Q4 earnings of $0.21 per share, missing the $0.23 estimate, and sales of $116.40M, beating the $104.20M estimate. Earnings decreased by 12.5% and sales slightly decreased by 0.26% compared to the same period last year.
March 07, 2024 | 10:09 pm
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NEUTRAL IMPACT
Ero Copper reported lower-than-expected Q4 earnings but exceeded sales forecasts. Earnings per share decreased by 12.5% year-over-year, while sales saw a marginal decline.
The mixed results with earnings missing estimates but sales beating expectations could lead to a neutral short-term impact on ERO's stock price. The slight year-over-year decline in both earnings and sales indicates a stable but not significantly positive or negative performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100