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Franco-Nevada (FNV)
NYSE:FNV
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.92Last Year’s EPS
$0.63Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -8.09%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial management with higher revenue estimates and a robust deal pipeline. However, there were significant challenges with lower GEOs sold, ongoing issues with Cobre Panama, and revised guidance for 2024, indicating a balanced outlook.Company Guidance
During the Q3 2024 earnings call for Franco-Nevada Corporation, executives provided updated guidance, adjusting their total Gold Equivalent Ounces (GEOs) sold for 2024 to a range of 445,000 to 465,000, down from the original guidance of 480,000 to 540,000. This adjustment was influenced by lower gold deliveries from the Candelaria mine and slower ramp-ups at newly contributing mines like Tocantinzinho and Greenstone. Despite these challenges, the company expects full-year revenue between $1 billion and $1.1 billion, benefiting from record gold prices. The call highlighted an adjusted EBITDA of $236.2 million for Q3 2024, with adjusted net income at $153.9 million, and a strong cash position with $2.3 billion available. The company remains debt-free and continues to explore strategic opportunities, including potential diversification into potash, while maintaining a robust deal pipeline to enhance its precious metal assets.Higher Revenue Estimates
For the full year, revenue is expected to be between $1 billion and $1.1 billion, exceeding initial expectations due to record gold prices.
Strong Deal Pipeline
The business development team is confident in adding attractive precious metal assets, with potential to also add incremental diversified assets.
Significant Margins
The company generated significant margins with cash cost per GEO at $290 and margin per ounce increasing 35% year-over-year.
Debt-Free Financial Position
The company remains debt-free with available capital of $2.3 billion as of September 30, 2024.
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FNV 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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FNV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $131.79 | $126.04 | -4.36% |
| Aug 13, 2024 | $124.23 | $116.26 | -6.42% |
| May 01, 2024 | $120.74 | $119.83 | -0.75% |
| Mar 05, 2024 | $111.16 | $108.19 | -2.67% |
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 Franco-Nevada (FNV) report earnings?
Franco-Nevada (FNV) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Franco-Nevada (FNV) earnings time?
Franco-Nevada (FNV) earnings time is at Mar 05, 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 FNV EPS forecast?
FNV EPS forecast for the fiscal quarter 2024 (Q4) is $0.92.
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