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Nevsun Resources Ltd. Message Board

  • chrisboeman chrisboeman Jul 16, 2014 4:49 PM Flag

    Earnings Estimates

    The 7 analysts following NSU estimate this quarter's earnings to be between .11 and .16 with and average of .14. I tend to think it will be in the low range. Anyone else have a thought on what this quarter's earnings will be?

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    • I bought back 5,000 shares at 3.70 yesterday. I sold about three days ago around 3.91. I am thinking of buying more shares. The reason last quarter was louse was that they had delays due to issues with the trucks and more trucks were being purchased. If I remember right, there were about 15 days of lower production or was it no production, due to that in the first quarter. If they resolved those issues then they should have shipped and booked the production that they didn't ship last quarter as current revenue. I would think they come in on the high end and may even surprise by beating estimates.

      Still, if they come in at average of $0.14 and they keep that pace for the next 12 months it is $0.56 for the year., My P/E of 6.6 at my purchase price with average earnings in one year. I believe I read that the industry has a 10-14 P/E, so I can see this stock going up several dollars, maybe even a double.

      Sentiment: Strong Buy

 
NSU
2.93-0.01(-0.34%)Jul 22 4:00 PMEDT