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HudBay Minerals (HBM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, HudBay Minerals (HBM - Free Report) reported revenue of $425.52 million, up 36.3% over the same period last year. EPS came in at $0.00, compared to -$0.07 in the year-ago quarter.
The reported revenue represents a surprise of -7.57% over the Zacks Consensus Estimate of $460.38 million. With the consensus EPS estimate being $0.06, the EPS surprise was -100.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HudBay Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Realized Sales Prices - Gold
: $2222 per ounce compared to the $2135.4 per ounce average estimate based on 11 analysts.
Realized Sales Prices - Zinc
: 1.33 $/lb versus the 11-analyst average estimate of 1.16 $/lb.
Realized Sales Prices - Copper
: 4.56 $/lb versus the 11-analyst average estimate of 4.16 $/lb.
Realized Sales Prices - Silver
: $27.1 per ounce versus the 10-analyst average estimate of $25.1 per ounce.
Contained metal in concentrate and dore produced - Gold
: 58,614 Oz versus 70,822.4 Oz estimated by 10 analysts on average.
Contained metal in concentrate and dore produced - Silver
: 738,707 Oz versus 957,877.4 Oz estimated by 10 analysts on average.
Contained metal in concentrate and dore produced - Copper
: 28,578 Ton versus the 10-analyst average estimate of 37,357.73 Ton.
Revenue from contracts- Copper
: $259.30 million versus the nine-analyst average estimate of $331.72 million. The reported number represents a year-over-year change of +26%.
Revenue from contracts- Zinc
: $15.50 million versus the nine-analyst average estimate of $17.17 million. The reported number represents a year-over-year change of -23.7%.
Revenue from contracts- Gold
: $119.50 million versus the nine-analyst average estimate of $129.14 million. The reported number represents a year-over-year change of +57.4%.
Revenue from contracts- Silver
: $10.90 million compared to the $19.92 million average estimate based on nine analysts. The reported number represents a change of +51.4% year over year.
Revenue from contracts- Molybdenum
: $16 million compared to the $14.36 million average estimate based on eight analysts. The reported number represents a change of -4.8% year over year.
Shares of HudBay Minerals have returned -19.7% over the past month versus the Zacks S&P 500 composite's -4.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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HudBay Minerals (HBM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, HudBay Minerals (HBM - Free Report) reported revenue of $425.52 million, up 36.3% over the same period last year. EPS came in at $0.00, compared to -$0.07 in the year-ago quarter.
The reported revenue represents a surprise of -7.57% over the Zacks Consensus Estimate of $460.38 million. With the consensus EPS estimate being $0.06, the EPS surprise was -100.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HudBay Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for HudBay Minerals here>>>Realized Sales Prices - Gold
: $2222 per ounce compared to the $2135.4 per ounce average estimate based on 11 analysts.Realized Sales Prices - Zinc
: 1.33 $/lb versus the 11-analyst average estimate of 1.16 $/lb.Realized Sales Prices - Copper
: 4.56 $/lb versus the 11-analyst average estimate of 4.16 $/lb.Realized Sales Prices - Silver
: $27.1 per ounce versus the 10-analyst average estimate of $25.1 per ounce.Contained metal in concentrate and dore produced - Gold
: 58,614 Oz versus 70,822.4 Oz estimated by 10 analysts on average.Contained metal in concentrate and dore produced - Silver
: 738,707 Oz versus 957,877.4 Oz estimated by 10 analysts on average.Contained metal in concentrate and dore produced - Copper
: 28,578 Ton versus the 10-analyst average estimate of 37,357.73 Ton.Revenue from contracts- Copper
: $259.30 million versus the nine-analyst average estimate of $331.72 million. The reported number represents a year-over-year change of +26%.Revenue from contracts- Zinc
: $15.50 million versus the nine-analyst average estimate of $17.17 million. The reported number represents a year-over-year change of -23.7%.Revenue from contracts- Gold
: $119.50 million versus the nine-analyst average estimate of $129.14 million. The reported number represents a year-over-year change of +57.4%.Revenue from contracts- Silver
: $10.90 million compared to the $19.92 million average estimate based on nine analysts. The reported number represents a change of +51.4% year over year.Revenue from contracts- Molybdenum
: $16 million compared to the $14.36 million average estimate based on eight analysts. The reported number represents a change of -4.8% year over year.Shares of HudBay Minerals have returned -19.7% over the past month versus the Zacks S&P 500 composite's -4.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.