PAAS Earnings Prediction
The chart below shows how PAAS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PAAS sees a +7.61% change in stock price 10 days leading up to the earnings, and a +4.60% change 10 days following the report. On the earnings day itself, the stock moves by -2.44%. This data can give you a slight idea of what to expect for the next quarter's release.
PAAS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
716.10M
16.19%
4.34%
Gross Margin
23.96%
138.65%
43.65%
Operating Margin
20.09%
535.76%
66.72%
Net Margin
7.97%
316.58%
-355.45%
EPS
0.16
366.67%
-366.67%
No Data Available
PAAS Earnings Analysis
Pan American Silver Corp. Corporation (PAAS.N) Earnings Conference Call
Positive
Record Revenue Achievement: Revenue reached a record $716.1 million, excluding approximately $30 million from the sale of finished goods and concentrated inventories.
Record Cash Flow Operations: Cash flow from operations before working capital changes was a record $235.8 million.
Record Free Cash Flow: Free cash flow also reached a record of $151.5 million.
Cash and Investments Increase: At the end of Q3, cash and short-term investments increased by $101.3 million compared to Q2 2024, totaling $469.9 million.
Q3 Net Earnings Report: Net earnings in Q3 were $57.1 million or $0.16 per share, including a one-time tax expense related to prior year's filings.
Negative
Record Revenue Achievement: Revenue was a record $716.1 million, which, due to timing of sales, excluded the sale of finished goods and concentrated inventories with a value of approximately $30 million.
Q3 Net Earnings Overview: Net earnings in Q3 were $57.1 million or $0.16 per share, which includes a one-time tax expense for a settlement with the Mexican tax authorities and an amendment of certain Argentine income tax filings, both of which relate to prior year's tax filings.
Adjusted Earnings Impact: Adjusted earnings were $115.1 million or $0.32 adjusted earnings per share, indicating a significant tax expense impact on net earnings.
Gold Segment Cost Analysis: Cash costs for the gold segment in Q3 were $1,195 per ounce and all-in sustaining costs were $1,516 per ounce, excluding NRE adjustments, indicating higher than expected costs.
Silver Segment Cost Analysis: Silver segment cash costs in Q3 were $15.88 per ounce, with all-in sustaining costs at $20.90 per ounce, indicating higher costs largely due to lower gold by-product credits from Cerro Moro.
PAAS FAQs
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PAAS Earning Call Sentiment
Pan American Silver Corp. (PAAS) Q3 2024 Earnings Conference Call Transcript
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PAAS.N
-1.66%Positive
The earnings call highlighted record financial metrics, including revenue and free cash flow, alongside a decrease in net debt, which strengthens the balance sheet. Despite some operational challenges and regulatory issues, the company maintains a stable dividend and share repurchase plan. Optimistic guidance for a strong Q4, especially in gold production, and potential partnerships at La Colorada Skarn add to the positive outlook. The Q&A revealed management's confidence in future performance, although some uncertainty remains. Overall, the sentiment leans positive, likely resulting in a stock price increase of 2% to 8%.
