Capstone Copper (TSE:CS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$393.1m (up 18% from 2Q 2023).

• Net income: US$29.3m (up from US$36.5m loss in 2Q 2023).

• Profit margin: 7.5% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.

• EPS: US$0.039 (up from US$0.053 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capstone Copper EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Capstone Copper you should be aware of.

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