RIO Earnings Forecast
Looking ahead, RIO remains a focal point for investors seeking growth opportunities. Analyst forecasts for project quarter revenue of undefined and an EPS of undefined.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2024 have been No Change by 0%, while EPS estimates have been No Change by 0%. For the upcoming , revenue estimates have been adjusted Go Up by 24.36% . These revisions correlate with a % change in stock price over the same period, suggesting potential buying opportunities for investors who believe in RIO long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
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Earnings Reaction
The chart below shows how RIO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RIO sees a +5.72% change in stock price 10 days leading up to the earnings, and a +0.26% change 10 days following the report. On the earnings day itself, the stock moves by -1.81%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in SEP/2024, the stock changed -0.78% on the day following the earnings release and then changed by 0.17% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
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Frequently Asked Questions
What were the key highlights of RIO's latest earnings report for ?
RIO reported its earnings on 2024-10-15, showcasing a revenue of 0.00 against an estimate of 0.00, resulting in a 0% surprise. The EPS was 0, surpassing the expected 0 by 0% . The stock experienced a -0.78% price change on the earnings day and a -1.49% change over the next five days, reflecting market reactions to the results.
How did RIO's stock price react after the earnings release?
Following RIO's earnings announcement on 2024-10-15, the stock price moved by -0.78% on the day of the release. Over the subsequent five days, it saw a -1.49% change. Historically, RIO's stock price tends to shift by an average of +5.72% in the 10 days leading up to earnings and +0.26% in the 10 days following, providing insight into potential market.
What are the revenue and EPS estimates for RIO for undefined?
For , analysts estimate RIO’s annual revenue to reach undefined, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates Go Up by 24.36% over the past three months, indicating analyst expectation in the company’s performance.
How does RIO's stock price correlate with earnings forecast revisions?
The correlation between RIO's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2024 were No Change by 0%, while EPS estimates moved Go Up by 24.36% . This trend suggests that price dips could present buying opportunities for investors.
What should investors expect from RIO's next earnings report?
Based on historical trends, RIO's stock price typically moves by +5.72% in the 10 days before its earnings and +0.26% in the 10 days after. For the upcoming earnings, analysts expect an EPS of undefined and revenue of undefined.
What is the sentiment in Rio Tinto Group (RIO) Q2 2024 Earnings Call Summary?
The earnings call reveals several challenges: supply chain issues, economic softness, and operational setbacks at Kennecott. Despite modest financial improvements, the lack of clear guidance and unresolved geotechnical issues at Kennecott raise concerns. The Q&A further highlights management's avoidance of specifics, particularly on Kennecott and Simandou, adding to investor uncertainty. While the dividend policy remains consistent, the negative impact of iron ore EBITDA and unclear management responses contribute to a negative sentiment, likely resulting in a stock price decline of -2% to -8% over the next two weeks.