Nexa Resources SA reports results for the quarter ended in December - Earnings Summary

Nexa Resources SA

23/02/2024 03:02

* Nexa Resources SA  NEXA.N  reported a quarterly adjusted
loss
of 71 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -62 cents.  The mean expectation of six analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -30 cents to -7 cents per share.
    * Revenue fell 19.2% to $630.00 million from a year ago;
analysts
expected $615.51 million. 
    * Nexa Resources SA's reported EPS for the quarter was a
loss
of 71 cents​.
    * The company reported a quarterly loss of $93 million.
    * Nexa Resources SA shares had fallen by 4.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 804%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
mining &
metals peer group is also "hold"

Wall Street's median 12-month price target for Nexa Resources SA
is $6.00 
This summary was machine generated from LSEG data February 23 at
03:02 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
 Dec. 31 2023      -0.16          -0.71          Missed
 Sep. 30 2023      -0.11          -0.56          Missed
 Jun. 30 2023      -0.04          -0.77          Missed
 Mar. 31 2023      0.06           -0.15          Missed