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Gulf Resources (GURE)
NASDAQ:GURE
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Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-$0.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -2.05%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted strategic investments and potential future gains, particularly in bromine pricing. However, these are overshadowed by significant revenue declines, operational losses, and cash depletion. The company faces challenges in revitalizing its chemical and natural gas segments, delaying potential profitability.Company Guidance
During the Gulf Resources Third Quarter 2024 Earnings Call, several key metrics and issues were discussed. The company reported a decline in revenues to approximately $2.2 million, a 21.8% drop compared to the same period last year, with a net loss of $3.5 million or $0.33 per share. The bromine segment saw a revenue decrease of 68% to $1.6 million, while crude salt revenue declined by 26% to $654,000. For the nine months ending September 30, 2024, revenues were down 74.4% to $5.9 million compared to 2023, with a net loss of $40.6 million or $3.78 per share. The company highlighted significant investments, including $60.5 million in new equipment and $50 million in a flood prevention project, impacting their cash position, which decreased to $11 million from $72.2 million at the end of 2023. Despite these challenges, the management expressed optimism about future bromine price increases and potential returns from recent strategic land acquisitions for crude salt and bromine production.Bromine Price Recovery
Since the end of the third quarter, bromine prices have increased substantially, indicating potential for increased future revenue.
Strategic Land Acquisition
The company acquired additional land for crude salt and bromine production, expected to yield returns in 4 to 5 years.
Flood Prevention Project Completed
Completed a $50 million flood prevention project, which is expected to help open bromine factories #2 and #10.
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GURE 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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GURE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $0.63 | $0.60 | -4.76% |
| Aug 12, 2024 | $1.06 | $1.06 | 0.00% |
| May 13, 2024 | $1.47 | $1.50 | +2.04% |
| Apr 03, 2024 | $1.43 | $1.44 | +0.70% |
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 Gulf Resources (GURE) report earnings?
Gulf Resources (GURE) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Gulf Resources (GURE) earnings time?
Gulf Resources (GURE) earnings time is at May 19, 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 GURE EPS forecast?
Currently, no data Available
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