Coeur Mining (CDE) Q3 Earnings and Revenues Surpass Estimates

Core Insights - Coeur Mining reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and compared to a loss of $0.05 per share a year ago, indicating a significant turnaround [1] - The company achieved revenues of $313.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 9.65% and showing a substantial increase from $194.58 million year-over-year [2] - Coeur Mining's stock has increased approximately 86.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $292.3 million, and for the current fiscal year, it is $0.14 on revenues of $1.03 billion [7] - The estimate revisions trend for Coeur Mining is favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Mining - Non Ferrous industry, to which Coeur Mining belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8]