Capstone Copper Third Quarter 2024 Earnings: Misses Expectations

Capstone Copper (TSE:CS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$419.4m (up 30% from 3Q 2023).
• Net income: US$12.5m (up from US$32.9m loss in 3Q 2023).
• Profit margin: 3.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.017 (up from US$0.047 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capstone Copper Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 59%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Capstone Copper that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.