MP Materials Corp MP.N reported a quarterly adjusted loss of 17 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of twelve analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -15 cents to -5 cents per share.
Revenue fell 51.2% to $31.26 million from a year ago; analysts expected $40.59 million.
MP Materials Corp's reported EPS for the quarter was a loss of 21 cents.
The company reported a quarterly loss of $34.06 million.
MP Materials Corp shares had risen by 6.2% this quarter and lost 31.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 146.2% in the last three months.
In the last 30 days, four analysts revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and "sell" or "strong sell."
The average consensus recommendation for the -gold precious metals & minerals peer group is also "buy"
Wall Street's median 12-month price target for MP Materials Corp is $22.00
This summary was machine generated from LSEG data August 1 at 09:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Jun. 30 2024 |
-0.09 |
-0.17 |
Missed |
Mar. 31 2024 |
-0.02 |
-0.04 |
Missed |
Dec. 31 2023 |
-0.04 |
-0.02 |
Beat |
Sep. 30 2023 |
0.00 |
0.04 |
Beat |