SilverCrest Metals Q4 EPS $0.24 Beats $0.10 Estimate, Sales $61.32M Beat $44.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
SilverCrest Metals (AMEX:SILV) reported Q4 earnings of $0.24 per share, surpassing the $0.10 estimate, a 500% increase from last year. Sales reached $61.32M, beating the $44.09M estimate, up 50.33% from the previous year.
March 11, 2024 | 11:15 am
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SilverCrest Metals reported a significant beat on both earnings per share and sales for Q4, with a 500% increase in EPS and a 50.33% increase in sales from the previous year.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-on-year growth, is likely to positively impact investor sentiment and SilverCrest Metals' stock price in the short term. The magnitude of the beat and the growth rates are indicative of strong operational performance and efficiency, which are key drivers of stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100