Nexa Resources Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Nexa Resources (NYSE:NEXA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$736.3m (up 18% from 2Q 2023).
• Net loss: US$76.3m (loss narrowed by 26% from 2Q 2023).
• US$0.58 loss per share (improved from US$0.77 loss in 2Q 2023).

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

Nexa Resources 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 5.2% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Nexa Resources you should be aware of.

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