Glencore First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Glencore (LON:GLEN) First Half 2024 Results

Key Financial Results

• Revenue: US$117.1b (up 9.0% from 1H 2023).
• Net loss: US$233.0m (down by 105% from US$4.57b profit in 1H 2023).
• US$0.019 loss per share (down from US$0.36 profit in 1H 2023).

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

Glencore Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are up 4.7% from a week ago.

Valuation

Our analysis of these results suggests Glencore may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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