Industrias Peñoles. de Second Quarter 2024 Earnings: US$0.06 loss per share (vs US$0.056 profit in 2Q 2023)

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

Key Financial Results

• Revenue: US$1.63b (up 6.3% from 2Q 2023).
• Net loss: US$23.2m (down by 204% from US$22.3m profit in 2Q 2023).
• US$0.06 loss per share (down from US$0.056 profit in 2Q 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 3.0% growth forecast for the Metals and Mining industry in South America.

Performance of the market in Mexico.

The company's shares are up 8.7% from a week ago.

Valuation

Following the latest earnings results, Industrias Peñoles. de may be overvalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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