Fortuna Silver Mines Q2 2024 Adj. EPS $0.10 Misses $0.15 Estimate, Sales $259.971M Up From $158.400M YoY
Portfolio Pulse from Benzinga Newsdesk
Fortuna Silver Mines (NYSE:FSM) reported Q2 2024 earnings of $0.10 per share, missing the analyst consensus estimate of $0.15 by 33.33%. However, the company saw a significant increase in sales, reporting $259.971 million, up 64.12% from $158.400 million YoY.
August 08, 2024 | 5:34 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fortuna Silver Mines reported Q2 2024 earnings of $0.10 per share, missing the analyst consensus estimate of $0.15 by 33.33%. Despite the earnings miss, the company saw a significant increase in sales, reporting $259.971 million, up 64.12% from $158.400 million YoY.
The earnings miss is likely to have a negative short-term impact on FSM's stock price as it fell short of analyst expectations by 33.33%. However, the significant increase in sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100