Franco-Nevada Corp reports results for the quarter ended in June - Earnings Summary

Franco-Nevada

14/08/2024 24:44

* Franco-Nevada Corp  FNV.TO  reported quarterly adjusted
earnings
of 75 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 95 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 82 cents per share. Wall Street
expected results to range from 74 cents to 94 cents per share.
    * Revenue fell 21.2% to $260.10 million from a year ago;
analysts
expected $265.52 million. 
    * Franco-Nevada Corp's reported EPS for the quarter was 41
cents​.
    * The company reported quarterly net income of $79.5
million.
    * Franco-Nevada Corp shares had risen by 5.0% this
quarter and
gained 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the gold peer
group is
also "buy"

Wall Street's median 12-month price target for Franco-Nevada
Corp is C$195.00 
This summary was machine generated from LSEG data August 13 at
11:43 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      1.12           1.01           Missed
 Mar. 31 2024      1.06           0.93           Missed
 Dec. 31 2023      1.19           1.47           Beat
 Sep. 30 2023      1.33           1.23           Missed