SilverCrest Metals Q2 2024 GAAP EPS $0.04 Misses $0.11 Estimate, Sales $72.700M Beat $52.807M Estimate
Portfolio Pulse from Benzinga Newsdesk
SilverCrest Metals (AMEX:SILV) reported Q2 2024 earnings per share (EPS) of $0.04, missing the analyst consensus estimate of $0.11 by 63.64%. However, the company reported quarterly sales of $72.7 million, beating the analyst consensus estimate of $52.807 million by 37.67%. This represents a 17.26% increase over sales of $62 million in the same period last year.
August 07, 2024 | 9:33 pm
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NEUTRAL IMPACT
SilverCrest Metals reported mixed Q2 2024 results with EPS missing estimates by 63.64%, but sales beating expectations by 37.67% and showing a 17.26% YoY increase.
The mixed results, with a significant EPS miss but strong sales performance, create a neutral short-term impact. Investors may be concerned about profitability but encouraged by revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100