Wall Street expects a year-over-year increase in earnings on higher revenues when Ero Copper Corp. (ERO) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key numbers are better ...

Stock Performance - Ero Copper Corp ended the recent trading session at $19 49, showing a -1 47% change from the previous day's closing price [1] - The stock underperformed compared to the S&P 500's daily loss of 0 92%, the Dow's loss of 0 96%, and the Nasdaq's loss of 1 6% [1] - Over the last month, the company's shares decreased by 12 59%, lagging behind the Basic Materials sector's gain of 1 26% and the S&P 500's gain of 2 68% [1] Earnings and Revenue Projections - The company is expected to report earnings on November 5, 2024, with projected earnings per share (EPS) of $0 27, a 50% increase from the same quarter last year [1] - Revenue for the upcoming quarter is forecasted at $148 8 million, reflecting a 41 44% growth compared to the corresponding quarter of the prior year [1] - For the entire fiscal year, consensus estimates project earnings of $1 27 per share and revenue of $605 72 million, representing year-over-year changes of +45 98% and +41 68%, respectively [2] Analyst Estimates and Zacks Rank - Recent changes in analyst estimates for Ero Copper Corp indicate evolving near-term business trends, with positive revisions reflecting confidence in the company's performance [2] - The Zacks Rank system, which integrates estimate changes, currently assigns Ero Copper Corp a rank of 3 (Hold) [3] - The company's Forward P/E ratio of 15 53 is lower than the industry average of 25 26, indicating it is trading at a discount [3] Industry Overview - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to confirm that full power has been restored at its Tucumã Operation following a temporary disruption caused by a severe localized windstorm in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. With power now restored, the Company has safely resumed the ramp-up of milling, flotation, and filtration circuits within the processin ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ero Copper Corp. (ERO) , which belongs to the Zacks Mining - Non Ferrous industry. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 112.94%. For the last reported quarter, Ero Copper came out with earnings of $0.18 per share versus the Zac ...

Ero Copper Corp. (ERO) shares rallied 5.2% in the last trading session to close at $23.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4% gain over the past four weeks. Ero Copper's share price has gained on the back of the surge in copper and gold prices. Copper futures for December delivery increased 3.33% in a day, closing at $4.64 per pound on Thursday as China implemented various stimulus measures to ...

Ero Copper Corp. (ERO) closed the latest trading day at $20.51, indicating a +0.15% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Prior to today's trading, shares of the company had gained 2.09% over the past month. This has outpaced the Basic Materials sector's gain of 1.45% and the S&P 500's gain of 1.57% in that time. The upcoming earnings ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Ero Copper Corp. (ERO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Ero Copper currently has an average brokerage recommen ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $51.5 million and adjusted net income attributable to owners of the company of $18.6 million, or $0.18 per share on a diluted basis, compared to Q1 2024 [18] - Operating cash flow for the second quarter was $14.7 million, reflecting solid production and favorable market conditions [10] - C1 cash costs for copper production decreased to $2.16 per pound, driven by lower treatment charges and a stronger U.S. dollar against the Brazilian Real [9][18] Business Line Data and Key Metrics Changes - At Caraiba, copper production increased by 9.6% to 8,867 tons in concentrate, with tons processed up 12.2% quarter-on-quarter [7] - Xavantina operations saw gold production of 16,555 ounces, with tons processed up 6.9% quarter-on-quarter and unit operating costs below budget at $428 C1 cash costs per ounce [9] - The Tucuma Project achieved first saleable copper concentrate production in mid-July, with expectations to reach commercial production levels by the end of Q3 [5][12] Market Data and Key Metrics Changes - The strengthening of the U.S. dollar against the Brazilian Real increased from 5.01 on March 31 to 5.55 on June 30, benefiting operating costs but resulting in non-cash unrealized foreign exchange losses [18] - The company secured a blending treatment charge of just over $5 per ton for copper concentrate, significantly lower than the previous average of nearly $80 per ton [8][9] Company Strategy and Development Direction - The company is focused on doubling copper production next year and advancing its long-term growth strategy, highlighted by a definitive agreement with Vale Base Metals on the Furnas Copper Project [5][6] - The ramp-up of the Tucuma Project is a priority, with plans to shift focus to the Furnas project after completion of Tucuma's construction [15] - The company aims to deleverage its balance sheet while maintaining exploration budgets, reallocating resources to the Furnas project without significant changes to overall exploration expenses [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced during the quarter, including a fatal incident at Caraiba Operations, emphasizing a commitment to safety [4] - The company expects consolidated copper production to increase sequentially each quarter, driven by the ramp-up at Tucuma and higher mined grades at Carajás [10] - Full-year unit operating costs are projected to be lower than originally budgeted, with a reduction in gold C1 cash cost guidance by $100 to a range of $450 to $550 per ounce [11] Other Important Information - The company is on track to publish a maiden resource estimate for the Furnas project later this year, following extensive environmental studies and validation programs [6][15] - The ramp-up expenditures guidance for Tucuma has been increased due to early mining and associated costs, reflecting a revised tax position [14][58] Q&A Session Summary Question: Can you provide more details on the ramp-up at Tucumã? - The ramp-up is progressing well, with concentrate grades above expectations and recovery rates near design targets, achieving 40% to 50% of design throughput capacity [23] Question: Will there be financials related to Tucumã before reaching commercial production? - In Q3, some costs will be expensed as revenue is generated, but until commercial production is reached, only a portion of costs will be expensed [25] Question: What is the focus for 2025 regarding free cash flow? - The focus will be on deleveraging the balance sheet, with no significant changes expected in the overall exploration budget [26] Question: Can you confirm if there was a seismic event at Caraiba? - Yes, there was a seismic event, but it was unrelated to the fatality incident, and operations were temporarily evacuated as a precaution [28][29] Question: What are the grade expectations for the second half of the year at Caraiba? - The expectation is for a higher proportion of high-grade stopes, leading to improved grades compared to the first half of the year [31] Question: What is the strategy for the Furnas project? - The company plans to approach Furnas as an underground mine, requiring infill drilling and extending the deposit to depth [51]

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2024. Management will host a conference call tomorrow, Friday, August 2, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Company ...

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2024. Management will host a conference call tomorrow, Friday, August 2, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Company ...