Nexa Res Q3 2024 Adj. EPS $0.02 Misses $0.12 Estimate, Sales $709.500M Beat $650.039M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexa Resources reported Q3 2024 earnings per share of $0.02, missing the analyst estimate of $0.12. However, the company exceeded sales expectations with $709.5 million, surpassing the $650.039 million estimate and showing a 9.32% increase from the previous year.
October 31, 2024 | 10:06 pm
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NEUTRAL IMPACT
Nexa Resources' Q3 2024 earnings per share fell short of expectations, but the company reported higher-than-expected sales, indicating strong revenue growth.
The mixed earnings report for Nexa Resources, with EPS missing estimates but sales exceeding expectations, suggests a neutral short-term impact on the stock. The sales beat indicates strong revenue performance, but the EPS miss could weigh on investor sentiment.
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