HBM Earnings Prediction
The chart below shows how HBM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HBM sees a -1.10% change in stock price 10 days leading up to the earnings, and a +4.77% change 10 days following the report. On the earnings day itself, the stock moves by +0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
HBM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
485.77M
1.11%
14.16%
Gross Margin
28.78%
29.93%
57.79%
Operating Margin
21.80%
-10.91%
97.29%
Net Margin
10.37%
9.50%
-316.49%
EPS
0.13
0.00%
-360.00%
No Data Available
HBM Earnings Analysis
Hudbay Minerals Inc. Corporation (HBM.N) Earnings Conference Call
Positive
Record Gold Production Increase: 1. Record Gold Production: Hudbay achieved a record gold production of 89,000 ounces in Q3 2024, representing a 52% increase from the previous quarter, driven by higher gold grades and mill throughput.
Cash Flow Increase: 2. Significant Cash Flow Generation: The company generated $186 million in operating cash flow before changes in noncash working capital, a 53% increase compared to the second quarter, attributed to higher gold production and sales volumes.
Cash Cost Guidance Improvement: 3. Improved Cash Cost Guidance: Hudbay improved its full-year consolidated cash cost guidance to a range of $0.65 to $0.85 per pound of copper, down from the previous range of $0.90 to $1.10 per pound, reflecting exceptional cost performance year-to-date.
Debt Reduction Success: 4. Debt Reduction Achievements: The company reduced gross debt by nearly $300 million over the past 12 months, including over $65 million in the third quarter alone, significantly improving its financial position.
Mill Performance Improvement: 5. Enhanced Operating Performance: The Constancia mill achieved an average throughput of 87,000 tons per day year-to-date, a 15% increase above its design capacity, contributing to its status as the lowest cost open pit copper mine in South America.
Negative
Ore Mining Decline: 1. Declining Ore Mined: Total ore mined in the third quarter decreased by 27% compared to the prior quarter, indicating a significant reduction in mining activity.
Copper Production Outlook: 2. Lower Copper Production Guidance: Full year copper production in Peru is expected to trend towards the lower end of the guidance range due to lower-than-expected grades, which could impact overall revenue.
Cash Cost Challenges: 3. Increased Cash Costs in British Columbia: Year-to-date cash costs in British Columbia are above the higher end of the 2024 guidance range, suggesting ongoing cost management challenges despite recent improvements.
British Columbia Production Challenges: 4. Underperformance in British Columbia: The British Columbia operations are expected to be slightly below the low end of the 2024 guidance range for copper production, indicating potential operational inefficiencies.
Air Quality Permit Delay: 5. Delayed Air Quality Permit: The air quality permit for Copper World is expected to be received in late 2024, with a possibility of slipping into early 2025, which could delay project timelines.
HBM FAQs
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HBM Earning Call Sentiment
Hudbay Minerals Inc. (HBM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HBM.N
-5.64%Positive
The earnings call summary highlights strong financial performance with increased production and reduced costs, leading to higher EBITDA and significant debt reduction. The Q&A section does not reveal major concerns, and management's responses were generally satisfactory. The market cap suggests moderate sensitivity, and the overall positive financial metrics, including free cash flow and debt reduction, suggest a positive stock price movement of 2% to 8% over the next two weeks.
