First Majestic to Report Q3 Results: What's in the Cards for the Stock?

Core Insights - First Majestic Silver (AG) is anticipated to show a significant improvement in its third-quarter 2025 results, with earnings per share expected to rise to 11 cents from a loss of 3 cents in the same quarter last year [1][5]. Earnings Estimates - The Zacks Consensus Estimate for AG's earnings per share has increased by 120% over the past 60 days, indicating a positive turnaround [1][2]. - The current earnings estimates for the upcoming quarters are as follows: Q1 at $0.11, Q2 at $0.05, F1 at $0.18, and F2 at $0.16 [2]. Production and Revenue Drivers - First Majestic's total production reached 7.7 million silver equivalent ounces in Q3, marking a 39% year-over-year increase, driven by a 96% surge in silver production [5][8]. - The acquisition of the Los Gatos mine and higher silver prices, averaging around $40 per ounce (up 34% year-over-year), are expected to significantly boost quarterly revenues [9][10]. Historical Performance - First Majestic has missed the Zacks Consensus Estimate in each of the last four quarters, with an average negative earnings surprise of 55.8% [3][4]. - The company's earnings surprise history shows a consistent trend of underperformance relative to estimates [3]. Stock Performance - First Majestic's stock has increased by 130.2% year-to-date, outperforming the industry average growth of 99.6% [11]. Zacks Rank - First Majestic currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook [6].