Silvercorp Metals Third Quarter 2024 Earnings: Beats Expectations
Silvercorp Metals (TSE:SVM) Third Quarter 2024 Results
Key Financial Results
Revenue: US$58.5m (flat on 3Q 2023).
Net income: US$10.5m (down 12% from 3Q 2023).
Profit margin: 18% (down from 20% in 3Q 2023).
EPS: US$0.059 (down from US$0.067 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Silvercorp Metals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Silvercorp Metals' balance sheet.
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