RIO Earnings

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.

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.

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 29.36% over the past three months, indicating analyst expectation in the company’s performance.

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 29.36% . This trend suggests that price dips could present buying opportunities for investors.

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.

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.