Revenue beats expectations, EPS lags
Silvercorp Metals (TSE:SVM) Second Quarter 2023 Results
Main financial results
Revenue: 51.7m USD (down 12% compared to the 2nd quarter of 2022).
Net loss: $1.71m (down 118% from profit of $9.39m in Q2 2022).
Loss of $0.01 per share (vs. profit of $0.053 in 2Q 2022).
All figures shown in the table above are for the 12 month period (TTM)
Silvercorp Metals revenue beats expectations, EPS falls short
Revenue beat analysts’ estimates by 3.9%. Earnings per share (EPS) missed analysts’ estimates.
Looking ahead, revenues are expected to grow by an average of 4.8% per year over the next 3 years, compared to a forecast growth of 12% for the metals and mining industry in Canada.
Performance of the Canadian metals and mining industry.
Shares of the company are up 7.8% from a week ago.
You should always take note of the risks, for example – Silvercorp Metals has 2 warning signs we think you should know.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.
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