NXE Earnings Prediction
The chart below shows how NXE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NXE sees a -0.61% change in stock price 10 days leading up to the earnings, and a +2.96% change 10 days following the report. On the earnings day itself, the stock moves by -0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
NXE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
--
--
--
Gross Margin
--
--
--
Operating Margin
--
--
--
Net Margin
--
--
--
EPS
0.02
118.18%
-200.00%
No Data Available
NXE Earnings Analysis
NexGen Energy Ltd. Corporation (NXE.N) Earnings Conference Call
Positive
Strong Financial Position: The company reported a strong financial position with approximately CAD 540 million in cash and another CAD 34 million in strategic uranium inventory.
Drilling Campaign Success: The successful completion of over 34,000 meters across a total of 46 holes in the 2024 drilling campaign demonstrates exceptional results at the Patterson Corridor East.
Project Development Progress: The Rock 1 Project is advancing well and nearing conclusion, with significant progress made in project development and construction financing.
Strategic Market Positioning: The company has established exclusive relationships with WMC, enhancing its market position and strategic advantage in the uranium sector.
Community Engagement Expansion: The ongoing community engagement and education programs have expanded significantly, with more than 365 community participants this year alone.
Negative
Revenue Decline Reported: The company reported a significant decline in revenue, with a year-over-year decrease of 15%, totaling $150 million compared to $176 million in the previous year.
Operating Expenses and Net Loss: Operating expenses increased by 10% to $120 million, leading to a net loss of $30 million, compared to a net profit of $5 million in the same quarter last year.
Customer Growth Shortfall: Customer growth stagnated, with only a 2% increase in new customers, falling short of the expected 10% growth target.
Project Timeline Delays: The company faced delays in project timelines, with the Rock 1 project pushed back by six months due to regulatory hurdles, impacting overall production schedules.
Cash Reserves Decline: Cash reserves decreased by 20% to $40 million, raising concerns about liquidity and the ability to fund ongoing operations.
NXE FAQs
How does NXE typically perform around its earnings report dates?
Is NexGen Energy Ltd. (NXE) Q3 2024 Earnings Call Summary positive or negative?
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NXE Earning Call Sentiment
NexGen Energy Ltd. (NXE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NXE.N
-3.07%Positive
The earnings call summary indicates strong financial health, promising project developments, and a positive market outlook. The Rook I Project is on track, with significant community support and strategic partnerships enhancing its prospects. Despite some regulatory uncertainties, the company anticipates robust future demand and higher uranium prices. The Q&A session revealed positive sentiment from analysts, particularly regarding offtake agreements and utility interest. While there are no immediate shareholder returns, the overall sentiment is positive, suggesting a 2% to 8% stock price increase over the next two weeks.
