FNV Earnings Prediction
The chart below shows how FNV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FNV sees a +1.32% change in stock price 10 days leading up to the earnings, and a +0.16% change 10 days following the report. On the earnings day itself, the stock moves by +0.68%. This data can give you a slight idea of what to expect for the next quarter's release.
FNV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
275.70M
-10.92%
6.00%
Gross Margin
68.77%
10.56%
0.44%
Operating Margin
65.07%
7.80%
0.81%
Net Margin
55.39%
-2.10%
81.19%
EPS
0.79
-13.19%
92.68%
No Data Available
FNV Earnings Analysis
Franco-Nevada Corporation Corporation (FNV.N) Earnings Conference Call
Positive
Revenue Guidance Increase: 1. Increased Revenue Guidance: Franco-Nevada expects full-year revenue for 2024 to be between $1 billion and $1.1 billion, reflecting an increase from earlier guidance due to strong gold prices.
Resilient Adjusted EBITDA: 2. Strong Adjusted EBITDA: The company reported adjusted EBITDA of $236.2 million for Q3 2024, demonstrating resilience despite lower GEO sales compared to the prior year.
Cash Cost Reduction: 3. Improved Cash Margins: The cash cost per GEO sold decreased to $290 in Q3 2024, down from $304 in Q3 2023, resulting in a margin of approximately $2,200 per ounce, which increased by 35% year-over-year due to higher gold prices.
Debt-Free Financial Strength: 4. Debt-Free Position: Franco-Nevada maintains a strong financial position with $2.3 billion in available capital as of September 30, 2024, and continues to be debt-free, providing flexibility for future investments.
Diversity Scholarship Initiative: 5. Diversity Scholarships: The company awarded diversity scholarships to 4 new mining engineering students, bringing the total to 13 students supported, reflecting its commitment to education and community engagement.
Negative
GEO Sales Decline: 1. Decline in GEO Sales: Total GEOs sold in Q3 2024 were 110,110, a significant drop from 160,848 in Q3 2023, indicating a 31% year-over-year decrease.
Revenue Decline Analysis: 2. Lower Revenue: Revenue for Q3 2024 was $275.7 million, down from $309.5 million in the prior year, reflecting a 10.9% decline year-over-year.
Adjusted EBITDA Decline: 3. Decreased Adjusted EBITDA: Adjusted EBITDA fell to $236.2 million in Q3 2024, compared to $255.1 million in Q3 2023, marking a decrease of 7.4%.
Precious Metal GEO Decline: 4. Reduced Precious Metal GEOs: Precious metal GEOs sold were 84,377 in Q3 2024, down from 90,370 in the prior year, representing a decline of 6.5% year-over-year.
GEO Guidance Adjustment: 5. Revised GEO Guidance: The company adjusted its 2024 GEO guidance down to a range of 445,000 to 465,000, from the original estimate of 480,000 to 540,000, indicating a potential shortfall of up to 95,000 GEOs.
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FNV Earning Call Sentiment
Franco-Nevada Corporation (FNV) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FNV.N
1.32%Positive
The earnings call presents mixed signals. Financial performance has declined YoY, with lower GEOs sold and decreased revenue, EBITDA, and net income. However, the company maintains a strong cash position and debt-free status. The Q&A highlights concerns about tax exposure and market volatility, but management's confidence in long-term guidance provides some reassurance. The absence of shareholder return plans and potential arbitration costs are drawbacks. Overall, the outlook is balanced, resulting in a neutral sentiment.
