Ero Copper Q1 2024 Adj EPS $0.16 Beats $0.10 Estimate, Sales $105.800M Beat $99.925M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ero Copper (NYSE:ERO) reported Q1 2024 earnings of $0.16 per share, surpassing the $0.10 estimate, a 33.33% decrease from last year's $0.24. Sales reached $105.8M, beating the $99.925M estimate, marking a 4.75% increase from the previous year.
May 07, 2024 | 9:15 pm
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Ero Copper exceeded Q1 2024 EPS estimates with $0.16 and reported sales of $105.8M, surpassing expectations.
Ero Copper's performance in Q1 2024, with earnings and sales exceeding analyst estimates, indicates a positive outlook for the company. The significant beat on both top and bottom lines suggests operational efficiency and market demand strength. Despite a year-over-year decrease in EPS, the beat against estimates and sales growth are likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100