Nexa Res Q1 2024 Adj EPS $(0.15) Misses $(0.03) Estimate, Sales $580.000M Beat $569.990M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexa Resources (NEXA) reported Q1 2024 adjusted EPS of $(0.15), missing the $(0.03) estimate by 400%, and a 1400% decrease from last year's $(0.01) per share. Sales were $580M, beating the $569.99M estimate by 1.76%, yet marking a 13.08% decrease from last year's $667.318M.
May 02, 2024 | 10:05 pm
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Nexa Resources reported a significant miss in Q1 2024 EPS at $(0.15) vs. $(0.03) estimate and a decrease in sales to $580M from last year's $667.318M.
The significant miss in EPS estimates and the year-over-year decrease in sales suggest a negative short-term impact on NEXA's stock price. The magnitude of the miss and sales decline are critical factors likely to influence investor sentiment negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100