Nexa Res Q2 2024 Adj. EPS $0.15 Misses $0.28 Estimate, Sales $736.000M Beat $652.730M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexa Resources (NYSE:NEXA) reported Q2 2024 earnings per share of $0.15, missing the analyst consensus estimate of $0.28 by 46.43%. However, the company reported quarterly sales of $736 million, beating the estimate of $652.73 million by 12.76% and marking a 17.44% increase from the same period last year.
August 01, 2024 | 9:03 pm
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Nexa Resources reported Q2 2024 EPS of $0.15, missing estimates by 46.43%, but sales of $736 million beat estimates by 12.76% and increased 17.44% YoY.
The mixed results, with a significant EPS miss but a strong sales beat, create a neutral short-term outlook. Investors may weigh the earnings miss against the positive sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100