Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Nexa Resources SA (NEXA)
NYSE:NEXA
Holding NEXA?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.33Last Year’s EPS
-$0.01Same Quarter Last Year
Moderate Sell
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 11.97%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with substantial financial performance improvements, notably in revenue and EBITDA growth, and operational efficiencies. However, challenges remain in zinc production and smelting costs, alongside operational constraints at Aripuana.Company Guidance
During the Q3 2024 earnings call for Nexa Resources, the company provided detailed guidance on several key metrics and operational aspects. Total consolidated net revenues for the quarter increased by 9% year-over-year, reaching $709 million, driven by higher LME metal prices. Adjusted EBITDA surged by 111% to $183 million, with an EBITDA margin of approximately 26%. Zinc production stood at 83,000 tonnes, reflecting a 5% year-over-year decline, while cash costs decreased significantly to minus $0.01 per pound from $0.34 per pound in the previous year. The company's net leverage ratio improved to 2.2x from 3.1x a year ago. Notably, Aripuana marked its third consecutive quarter of positive EBITDA growth and operational cash flow, despite a slight dip in zinc production due to lower grades. Nexa also announced plans to reduce its cash cost guidance for 2024 by 64%, alongside strategic initiatives like the Cerro Pasco integration project, which involves a substantial investment of $85 million to $90 million to extend tailings storage capacity.Strong Financial Performance
Total consolidated net revenues for Q3 2024 reached $709 million, up by 9% year-over-year. Adjusted EBITDA was $183 million, 111% higher than the same quarter last year, with an adjusted EBITDA margin of around 26%.
Operational Efficiency at Aripuana
Aripuana generated positive operating cash flow and marked its third consecutive quarter of EBITDA growth. Treated ore volumes rose significantly, and plant downtime decreased by 33% compared to the second quarter.
Reduction in Cash Costs
Mining cash costs decreased to minus $0.01 per pound from $0.34 per pound in the third quarter of last year, driven by lower treatment charges and higher byproduct contribution.
Debt and Leverage Improvement
Net leverage ratio improved to 2.2x, down from 2.7x in the second quarter of this year and 3.1x in the third quarter of last year.
---
NEXA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
NEXA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $8.02 | $7.91 | -1.37% |
| Aug 01, 2024 | $7.26 | $7.09 | -2.34% |
| May 02, 2024 | $7.29 | $7.33 | +0.55% |
| Feb 21, 2024 | $6.82 | $6.88 | +0.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Nexa Resources SA (NEXA) report earnings?
Nexa Resources SA (NEXA) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Nexa Resources SA (NEXA) earnings time?
Nexa Resources SA (NEXA) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEXA EPS forecast?
NEXA EPS forecast for the fiscal quarter 2024 (Q4) is $0.33.
---