Ero Copper Q2 2024 Adj. EPS $0.18 Beats $0.16 Estimate, Sales $117.100M Miss $120.297M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ero Copper (NYSE:ERO) reported Q2 2024 adjusted EPS of $0.18, beating the $0.16 estimate, but sales of $117.1M missed the $120.297M estimate. EPS decreased by 25% YoY, while sales increased by 11.63% YoY.
August 01, 2024 | 9:19 pm
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NEUTRAL IMPACT
Ero Copper reported mixed Q2 2024 results with EPS beating estimates but sales missing. EPS was $0.18, 12.5% above estimates but 25% lower YoY. Sales were $117.1M, missing estimates by 2.66% but up 11.63% YoY.
The mixed results, with EPS beating but sales missing estimates, create a neutral short-term outlook. The YoY decrease in EPS and increase in sales add complexity to the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100