Caledonia Mining Q1 EPS $0.27 Down From $0.29 YoY, Sales $38.53M Up From $29.43M YoY
Portfolio Pulse from Benzinga Newsdesk
Caledonia Mining (AMEX:CMCL) reported a decrease in Q1 EPS to $0.27 from $0.29 YoY, while sales increased to $38.53M from $29.43M YoY.
May 13, 2024 | 6:44 am
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Caledonia Mining reported a 7.56% decrease in EPS to $0.27 from $0.29 YoY, but a 30.89% increase in sales to $38.53M from $29.43M YoY.
The decrease in EPS could negatively impact investor sentiment, suggesting potential challenges in profitability. However, the significant increase in sales indicates strong revenue growth, which could offset concerns about the EPS decline. The mixed financial results present a neutral short-term outlook for CMCL's stock price, as investors may weigh the positive sales growth against the slight decrease in profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100