MP Earnings Prediction
The chart below shows how MP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MP sees a +2.84% change in stock price 10 days leading up to the earnings, and a +2.12% change 10 days following the report. On the earnings day itself, the stock moves by +0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
MP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
62.93M
19.82%
101.31%
Gross Margin
-21.74%
-184.26%
-76.08%
Operating Margin
-56.94%
298.74%
-64.12%
Net Margin
-40.55%
398.16%
-62.78%
EPS
-0.16
-700.00%
-23.81%
No Data Available
MP Earnings Analysis
MP Materials Corp. Corporation (MP.N) Earnings Conference Call
Positive
Record Upstream Production: We achieved a new upstream production record of 13,742 metric tons of contained REO, nearly 15% or over 1,700 metric tons higher than our previous best quarter.
Record REO Production Increase: We produced 15% more REO this quarter than our previous best quarter ever.
Record NdPr Oxide Production: We achieved record production of 478 metric tons of NdPr oxide in the quarter, representing a 76% increase from the second quarter, well above our guidance for 50% sequential growth.
Cost Profile Improvement: Our improving cost profile as we benefit from fixed cost leverage resulted in us reducing our inventory reserve by $2.7 million in the quarter.
Cash and Debt Position: We ended Q3 with approximately $866 million of cash in equivalents and approximately $94 million of net debt.
Negative
Decline in Average Price: The average realized price for REO decreased by 23% from last year, indicating a significant decline in revenue per metric ton.
NDP Production Stagnation: NDP production is expected to be roughly flat in Q4 compared to Q3's 478 tons, suggesting stagnation in growth.
Midstream Production Outlook: The company anticipates a significant acceleration in midstream production in Q1 of next year, which may not materialize as expected due to ongoing challenges.
CapEx Reduction Expectations: The company has reduced its expectations for 2024 CapEx to approximately $200 million, primarily due to cash cost timing issues, indicating potential financial constraints.
Inventory Reserve Decrease: The cumulative lower cost of market inventory reserve at the end of Q3 now stands at $15.1 million, reflecting a decrease in asset value.
MP FAQs
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MP Earning Call Sentiment
MP Materials Corp. (MP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MP.N
-3.25%Positive
The earnings call summary reveals strong financial performance with a 20% revenue increase and significant production growth, especially in NdPr oxide. The share repurchase program is a positive indicator of shareholder returns. Despite some operational and market pricing risks, the company's strategic agreements and optimistic outlook on demand and geopolitical support are favorable. The Q&A section highlights stable demand and potential price increases, further supporting a positive sentiment. Considering the company's market cap, a positive stock price movement of 2% to 8% is expected over the next two weeks.
