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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.
Earnings
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.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: EarningsBZI-Recaps