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
Comstock Mining Inc (LODE)
NYSE MKT:LODE
Holding LODE?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
$0.09Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -35.19%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with significant achievements in metal pricing, technological partnerships, and operational expansions. Despite the complexity in capital structuring and reliance on external funding, the company's strategic advancements indicate strong future potential.Company Guidance
In Comstock's Q3 2024 earnings call, significant guidance was provided across multiple business segments, highlighting strategic advancements and partnerships. CEO Corrado De Gasperis reported on corporate developments, emphasizing recent partnerships with the Department of Energy and the National Renewable Energy Lab and ongoing capital negotiations with SBC. The company has around 209 million shares outstanding and is optimizing its capital structure to leverage its net operating loss carryforwards. In metals and mining, COO William McCarthy noted a rapid revenue increase and forecasted a strong Q4, driven by high demand and prices for silver and gold, with silver surpassing $34 per ounce. Comstock Metals is on track to become a significant silver producer, with plans to expand its urban mining operations. In fuels, Comstock has commercial agreements with South Asia Carbon Limited for biofuel production facilities in Australia, anticipated to bring in up to $150 million in engineering fees. The company has validated yields of up to 125 gasoline gallon equivalents and is collaborating with Emerging Fuels Technology to enhance yields further. The GenMat AI business will focus on material science, with plans to leverage AI for both internal advancements and external customer services. Overall, Comstock is strategically positioned for growth, leveraging advanced technologies and strategic partnerships to capitalize on market opportunities in metals, mining, and renewable fuels.Record-Breaking Precious Metal Prices
Gold prices have reached all-time highs, with predictions of exceeding $3,000. Silver prices are over $34, the first time in over a decade, indicating strong market conditions for Comstock Metals.
Significant Partnerships and Technological Advances
Comstock has secured exclusive rights to lignocellulosic IP developed with the National Renewable Energy Lab and MIT, advancing their technology platform for renewable fuels.
Comstock Fuels' Yield and Partnership Success
The fuels team validated yields of up to 125 gasoline gallon equivalents per dry ton of wood, and agreements with South Asia Carbon Limited could generate $150 million in engineering fees alone.
Expansion in Urban Mining Operations
Comstock Metals has rapidly developed its urban mining operations, increasing capacity and winning bids that add significant revenue potential.
---
LODE 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
---
LODE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $0.52 | $0.49 | -5.77% |
| Aug 08, 2024 | $0.16 | $0.15 | -6.25% |
| Apr 30, 2024 | $0.31 | $0.28 | -9.68% |
| Feb 28, 2024 | $0.46 | $0.45 | -2.17% |
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 Comstock Mining Inc (LODE) report earnings?
Comstock Mining Inc (LODE) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Comstock Mining Inc (LODE) earnings time?
Comstock Mining Inc (LODE) earnings time is at Feb 11, 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 LODE EPS forecast?
LODE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
---