Recap: MP Materials Q1 Earnings


MP Materials MP reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.


MP Materials beat estimated earnings by 50.0%, reporting an EPS of $0.27 versus an estimate of $0.18.

Revenue was down $70.56 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.25 which was followed by a 4.5% increase in the share price the next day.

Here's a look at MP Materials's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.17 0.30 0.33 0.41
EPS Actual 0.42 0.36 0.43 0.50
Revenue Estimate 82.63M 117.55M 128.75M 137.49M
Revenue Actual 93.25M 124.44M 143.56M 166.26M

To track all earnings releases for MP Materials visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps