Ferroglobe Q2 2024 Adj. EPS $0.13 Beats $0.05 Estimate, Sales $451.048M Beat $425.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe (NASDAQ:GSM) reported Q2 2024 adjusted EPS of $0.13, significantly beating the analyst estimate of $0.05. The company also reported sales of $451.048 million, surpassing the $425.400 million estimate. Despite the positive earnings surprise, sales were down 1.18% compared to the same period last year.
August 05, 2024 | 9:03 pm
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Ferroglobe's Q2 2024 earnings and sales both exceeded analyst expectations, with EPS beating by 160% and sales by 6.03%. However, sales were slightly down year-over-year.
The significant earnings beat and sales exceeding expectations are likely to positively impact Ferroglobe's stock price in the short term. However, the slight year-over-year sales decline may temper some of the enthusiasm.
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RELEVANCE 100