HMY Earnings Prediction
The chart below shows how HMY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HMY sees a +24.97% change in stock price 10 days leading up to the earnings, and a +10.41% change 10 days following the report. On the earnings day itself, the stock moves by -1.00%. This data can give you a slight idea of what to expect for the next quarter's release.
HMY Key Earning Data
2024/Q4
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HMY Earnings Analysis
Harmony Gold Mining Company Limited Corporation (HMY.N) Earnings Conference Call
Positive
Gold Production Increase: Gold production increased by 6% to 1.56 million ounces, beating our upward revised guidance.
Underground Grade Improvement: Underground recovered grades also exceeded the guidance, improving by 6% to 6.11 grams per tonne.
Record Operating Free Cash Flow: Operating free cash flow increased by over 100% to a record of ZAR 13 billion or US$681 million at a margin of 22%.
Profit and EBITDA Surge: Net profit increased by 78% to ZAR 8.7 billion, while the rolling 12-month EBITDA increased by 54% to just under ZAR 19 billion.
Earnings Per Share Surge: Earnings per share increased by 132% to 1,852 South African cents or US$0.99 per share.
Negative
Gold Production Decline: Gold production decreased by 6% to 1.56 million ounces, missing upward revised guidance.
Record Operating Free Cash Flow: Operating free cash flow increased by over 100% to a record of ZAR 13 billion or USD 681 million, indicating a significant increase in operational efficiency but also highlighting previous inefficiencies.
Injury Frequency Rate Analysis: The injury frequency rate per million hours worked for FY '24 was at 5.53, remaining below the six for three consecutive financial years, indicating ongoing safety concerns.
Capital Intensity Analysis: Total capital intensity remains low at approximately ZAR 250,000 per kilogram or $415 per ounce based on the FY '25 production guidance, suggesting potential cost management issues.
High Cost Structure Impact: The average all-in sustaining cost of Harmony this year is at $1,500 an ounce, indicating a high cost structure that may impact profitability.
HMY FAQs
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HMY Earning Call Sentiment
Harmony Gold Mining Company Limited (HMY) Q4 2024 Earnings Call Transcript
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HMY.N
-7.68%Positive
The earnings call summary indicates robust financial performance with significant revenue, profit, and cash flow increases, alongside cost control and a strengthened balance sheet. The Q&A section reveals optimism in beating guidance and maintaining high grades, though some concerns about CapEx clarity and leadership transition exist. Overall, the strong financial metrics and optimistic guidance suggest a likely strong positive stock price reaction.
