Monday, March 11, 2024 – Endeavour Silver Corp (EXK) reported in line earnings and upside revenues.
Endeavour Silver Corp’s earnings came in at an EPS of $0.02 per share, in line with estimates for an EPS of $0.02 per share. The firm’s earnings are down 50% since reporting $0.04 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.
Consensus analyst estimates were at $49.5 million. The Basic Materials company managed to surpass those expectations for its fourth quarter with revenue of $50.5 million, a positive revenue surprise of $1 million (2%). The firm managed negative 38% growth year-over-year due to Endeavour Silver Corp reporting quarterly revenue of $82 million in its year-ago quarter. Endeavour Silver Corp achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.
The stock is up 10.29% to $2.09 after the report.
Endeavour Silver Corp’s profit margins took a hit as earnings fell at a faster pace than revenues.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 46. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.