Franco-Nevada Corp reports results for the quarter ended in September 30 - Earnings Summary

Franco-Nevada

07/11/2024 04:43

* Franco-Nevada Corp  FNV.TO  reported quarterly adjusted
earnings
of 80 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 91 cents.  The mean expectation of eleven analysts for
the quarter was for earnings of 85 cents per share. Wall Street
expected results to range from 77 cents to 90 cents per share.
    * Revenue fell 11% to $275.50 million from a year ago;
analysts
expected $286.14 million. 
    * Franco-Nevada Corp's reported EPS for the quarter was 79
cents​.
    * The company reported quarterly net income of $152.7
million.
    * Franco-Nevada Corp shares had risen by 10.3% this
quarter and
gained 26.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, four 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 199.00 
This summary was machine generated from LSEG data November 7 at
04:43 a.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
 Sep. 30 2024      1.17           1.10           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