Fortuna Silver Mines Q1 2024 Adj EPS $0.09 Beats $0.05 Estimate, Sales $224.900M Miss $226.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortuna Silver Mines (NYSE:FSM) reported Q1 2024 adjusted EPS of $0.09, surpassing the $0.05 estimate, an 80% increase year-over-year. However, sales of $224.9M slightly missed the $226M estimate, though marking a 28% increase from the previous year.

May 08, 2024 | 6:54 am
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Fortuna Silver Mines reported a significant beat on Q1 2024 EPS estimates but a slight miss on sales forecasts, showing strong year-over-year growth.
The positive earnings surprise and the significant year-over-year growth in both earnings and sales are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on FSM's stock price. The slight miss on sales estimates is unlikely to overshadow the earnings beat and the strong growth narrative.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100