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Ero Copper (ERO)
NYSE:ERO
Holding ERO?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.15Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -28.44%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong achievements in production increases and cost reductions, particularly in copper and gold operations. However, significant operational challenges, especially at Tucumã due to power disruptions and contractor underperformance at Caraíba, led to revised production guidance and operational setbacks.Company Guidance
In the Ero Copper Third Quarter 2024 earnings call, the company provided updated guidance reflecting several key metrics. At the Caraíba operation, the company adjusted its full-year production guidance to 35,000 to 37,000 tonnes of copper and concentrate, while achieving an 11.9% increase in copper production during the quarter, producing 9,920 tonnes of copper and concentrate. C1 cash costs decreased by 24.5% to $1.63 per pound of copper produced, supported by improved treatment terms and a favorable exchange rate of approximately BRL 5.6 per U.S. dollar. Meanwhile, at the Tucumã operation, the ramp-up to commercial production was delayed due to power disruptions, leading to a revised full-year production guidance of 8,000 to 11,000 tonnes of copper in concentrate. The company also reaffirmed its increased gold production guidance at Xavantina to 60,000 to 65,000 ounces, maintaining cost guidance at $450 to $550 per ounce for C1 cash costs and $900 to $1,000 for all-in sustaining costs. Financially, Ero Copper reported quarterly operating cash flows of $52.7 million and adjusted EBITDA of $62.2 million, with a strong liquidity position of $125.2 million at the quarter's end.Completion of Tucumã Construction
Achieved first production of salable copper concentrate in July 2024, without a single lost time injury.
Copper Production Increase at Caraíba
Copper production increased by 11.9%, producing 9,920 tonnes of copper in concentrate due to higher mine grades.
Decreased C1 Cash Costs
C1 cash costs decreased by 24.5% to $1.63 per pound of copper produced, driven by higher copper grades and favorable treatment and refining terms.
Xavantina Gold Production
Gold production totaled 13,485 ounces, maintaining gold production guidance of 60,000 to 65,000 ounces for the full year.
Strong Financial Performance
Quarterly operating cash flows of $52.7 million and adjusted EBITDA of $62.2 million, with total balance sheet liquidity of $125.2 million at quarter end.
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ERO 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
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ERO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $18.62 | $17.08 | -8.27% |
| Aug 01, 2024 | $18.70 | $19.01 | +1.66% |
| May 07, 2024 | $20.92 | $21.35 | +2.06% |
| Mar 07, 2024 | $17.48 | $16.54 | -5.38% |
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.
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FAQ
When does Ero Copper (ERO) report earnings?
Ero Copper (ERO) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Ero Copper (ERO) earnings time?
Ero Copper (ERO) earnings time is at Mar 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 ERO EPS forecast?
ERO EPS forecast for the fiscal quarter 2024 (Q4) is $0.56.
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