Ferroglobe PLC reports results for the quarter ended in June - Earnings Summary

Ferroglobe

05/08/2024 23:46

* Ferroglobe PLC  GSM.OQ  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 30
cents.  The mean expectation of two analysts for the quarter was
for earnings of 5 cents per share. 
    * Revenue fell 1.2% to $451.05 million from a year ago;
analysts
expected $425.40 million. 
    * Ferroglobe PLC's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $34.88
million.
    * Ferroglobe PLC shares had fallen by 9.5% this quarter and
lost 25.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 54.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
mining &
metals peer group is also "buy"

Wall Street's median 12-month price target for Ferroglobe PLC is
$9.50 
This summary was machine generated from LSEG data August 5 at
10:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.05           0.13           Beat
 Mar. 31 2024      -0.02          0.00           Beat
 Dec. 31 2023      0.02           0.09           Beat
 Sep. 30 2023      0.19           0.27           Beat