Fortuna Silver Mines (NYSE: FSM) is scheduled to release its latest quarterly earnings report on Wednesday, March 6, 2024. Investors are eagerly awaiting this announcement to see how the company has performed and what guidance they will provide for the future.
Analysts are estimating that Fortuna Silver Mines will report an earnings per share (EPS) of $0.11. Investors will be looking to see if the company not only meets or exceeds this estimate but also provides positive guidance for the next quarter. It is important to note that sometimes it is not just the earnings beat or miss that affects the stock price, but the guidance provided by the company.
In the last quarter, Fortuna Silver Mines beat EPS by $0.06, resulting in a 1.7% increase in the share price the following day. This pattern of beating earnings estimates and providing positive guidance has historically had a positive impact on the company’s stock price.
Looking at the past performance of Fortuna Silver Mines, we can see that the company has a track record of beating EPS estimates. In the third quarter of 2023, the company reported an EPS of $0.10, exceeding the estimated $0.04, resulting in a 2.0% increase in the share price. However, in the second quarter of 2023, the company missed EPS estimates, leading to an 11.0% decrease in the share price.
As of March 4, shares of Fortuna Silver Mines were trading at $3.03, down 5.7% over the last 52 weeks. Long-term shareholders may be disappointed with these negative returns leading up to the earnings release. It will be interesting to see how the market reacts to the upcoming earnings report and guidance provided by the company.
For more information on Fortuna Silver Mines’ earnings releases and other financial updates, investors can visit Benzinga’s earnings calendar. This article was generated by Benzinga’s automated content engine and reviewed by an editor. Stay tuned for the latest updates on Fortuna Silver Mines’ earnings report on March 6, 2024.
