Earnings Preview: TMC Metals
Portfolio Pulse from Benzinga Insights
TMC Metals (NASDAQ:TMC) is scheduled to release its quarterly earnings report on March 25, 2024, with analysts expecting an EPS of $-0.16. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares have risen 103.09% over the last year, trading at $1.76 as of March 21. Investors are advised to pay attention to the company's guidance for future growth, which can significantly impact the stock price.
March 22, 2024 | 2:01 pm
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NEUTRAL IMPACT
TMC Metals is expected to report an EPS of $-0.16 for the latest quarter. Historical performance shows mixed results, but shares have significantly appreciated over the last year.
The expected EPS of $-0.16 sets a cautious tone, but TMC Metals' historical ability to beat estimates and the significant year-to-date share price increase suggest a neutral to potentially positive short-term impact. However, the actual impact will heavily depend on the reported earnings versus expectations and the future guidance provided by the company.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100