Pan American Silver PAAS will be releasing its next round of earnings this Tuesday, August 10. For all of the relevant information, here is your guide for Tuesday's Q2 earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Based on management's projections, Pan American Silver analysts model for earnings of $0.32 per share on sales of $441.13 million. Pan American Silver EPS in the same period a year ago totaled $0.28. Sales were $249.51 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be up 14.29%. Sales would be up 76.8% from the year-ago period. Pan American Silver's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.43 | 0.44 | 0.38 | 0.05 |
| EPS Actual | 0.18 | 0.57 | 0.34 | 0.28 |
| Revenue Estimate | 442.52 M | 439.69 M | 392.94 M | 219.34 M |
| Revenue Actual | 368.10 M | 430.46 M | 300.41 M | 249.51 M |
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Stock Performance
Shares of Pan American Silver were trading at $26.74 as of August 06. Over the last 52-week period, shares are down 17.88%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Pan American Silver is scheduled to hold the call at 11:00:00 ET and can be accessed here.
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