Nexa Resources SA reports results for the quarter ended in January 1 - Earnings Summary

Nexa Resources SA

01/11/2024 03:05

* Nexa Resources SA  NEXA.N  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of -56 cents.  The mean expectation of six analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from -4 cents to 21 cents per share.
    * Revenue rose 9.3% to $709.48 million from a year ago;
analysts
expected $651.80 million. 
    * Nexa Resources SA's reported EPS for the quarter was a
loss of 4
cents​.
    * Nexa Resources SA shares had risen by 7.4% this
quarter and
gained 9.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.5%
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 no "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
mining &
metals peer group is  "sell."

Wall Street's median 12-month price target for Nexa Resources SA
is 7.50 
This summary was machine generated from LSEG data November 1 at
03:04 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      0.12           0.09           Missed
 Jun. 30 2024      0.28           0.15           Missed
 Mar. 31 2024      0.00           -0.18          Missed
 Dec. 31 2023      -0.16          -0.71          Missed