Idaho Strategic Resources, Inc. (IDR) Earnings Expected to Grow: Should You Buy?

Company Overview - Idaho Strategic Resources, Inc. (IDR) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended September 2024, with a consensus EPS estimate of $0.21, reflecting a +600% change [1][3] - Revenues are anticipated to reach $7.4 million, which is a 124.2% increase from the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 22.22% higher in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for IDR matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictor of earnings beats being a positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 [7][8] - IDR currently holds a Zacks Rank of 1, but the combination with a 0% Earnings ESP makes it difficult to predict an earnings beat conclusively [10][11] Historical Performance - In the last reported quarter, IDR exceeded the expected earnings of $0.07 per share by delivering $0.17, resulting in a surprise of +142.86% [12] - Over the past four quarters, IDR has beaten consensus EPS estimates three times [13] Industry Context - In the Zacks Mining - Gold industry, Agnico Eagle Mines (AEM) is expected to post earnings of $0.98 per share for the same quarter, indicating a +122.7% year-over-year change, with revenues projected at $1.83 billion, up 11.2% [17] - AEM has an Earnings ESP of 5.82% and a Zacks Rank of 1, suggesting a high likelihood of beating the consensus EPS estimate [18]