Recap: MP Materials Q1 Earnings

MP Materials MP reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

MP Materials beat estimated earnings by 50.0%, reporting an EPS of $0.27 versus an estimate of $0.18.

Revenue was down $70.56 million from the same period last year.

Last quarter the company beat on EPS by $0.25 which was followed by a 4.5% increase in the share price the next day.

Here's a look at MP Materials's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.17	0.30	0.33	0.41
EPS Actual	0.42	0.36	0.43	0.50
Revenue Estimate	82.63M	117.55M	128.75M	137.49M
Revenue Actual	93.25M	124.44M	143.56M	166.26M

To track all earnings releases for MP Materials visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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