Industrias Peñoles. de First Quarter 2024 Earnings: US$0.10 loss per share (vs US$0.009 profit in 1Q 2023)

Industrias Peñoles. de (BMV:PE&OLES) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.40b (down 1.2% from 1Q 2023).
• Net loss: US$39.0m (down from US$3.42m profit in 1Q 2023).
• US$0.10 loss per share (down from US$0.009 profit in 1Q 2023).

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

Industrias Peñoles. de Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Metals and Mining industry in South America.

Performance of the market in Mexico.

The company's shares are down 14% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Industrias Peñoles. de you should be aware of, and 1 of them is a bit unpleasant.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.