Nexa Resources First Quarter 2023 Earnings: Misses Expectations
Nexa Resources (NYSE:NEXA) First Quarter 2023 Results
Key Financial Results
Revenue: US$667.3m (down 7.6% from 1Q 2022).
Net loss: US$19.7m (down by 131% from US$63.0m profit in 1Q 2022).
US$0.15 loss per share (down from US$0.48 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nexa Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the US are expected to grow by 1.8%.
Performance of the American Metals and Mining industry.
The company's shares are down 6.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Nexa Resources that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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