TMC Earnings Prediction
The chart below shows how TMC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TMC sees a +7.98% change in stock price 10 days leading up to the earnings, and a +4.24% change 10 days following the report. On the earnings day itself, the stock moves by +1.58%. This data can give you a slight idea of what to expect for the next quarter's release.
TMC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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--
Gross Margin
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--
--
Operating Margin
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--
--
Net Margin
--
--
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EPS
-0.06
--
-0.00%
No Data Available
TMC Earnings Analysis
TMC the metals company Inc. Common Stock Corporation (TMC.O) Earnings Conference Call
Positive
Net Loss Comparison: The company reported a net loss of approximately $20.5 million or $0.06 per share in the third quarter of 2024 compared to a net loss of $12.5 million or $0.04 per share for the same period in 2023, indicating a smaller loss year-over-year.
Increased Exploration Expenses: Exploration and evaluation expenses during the third quarter of 2024 were $11.8 million compared to $7.9 million for the same period in 2023, reflecting increased investment in these areas.
Share-Based Compensation Increase: The increase in share-based compensation was primarily due to the amortization of the fair value of restricted stock units and options granted to directors and officers in the second quarter of 2024, indicating a commitment to incentivizing key personnel.
Administrative Expense Increase: General and administrative expenses were $8.2 million for the quarter ended September 30, 2024, compared to $4.6 million for the quarter ended September 30, 2023, showing a strategic increase in operational support.
Credit Facility Utilization: The company drew $3.3 million from credit facilities and short-term debt during the third quarter of 2024, demonstrating effective management of financial resources.
Negative
Quarterly Net Loss Comparison: TMC reported a net loss of approximately $20.5 million or $0.06 per share in the third quarter of 2024 compared to a net loss of $12.5 million or $0.04 per share for the same period in 2023.
Exploration Expense Increase: Exploration and evaluation expenses during the third quarter of 2024 were $11.8 million compared to $7.9 million for the same period in 2023.
Free Cash Flow Comparison: The free cash flow for the third quarter of 2024 was negative $5.8 million compared to negative $12.6 million in the third quarter of 2023.
Administrative Expense Increase: General and administrative expenses were $8.2 million for the quarter ended September 30, 2024, compared to $4.6 million for the quarter ended September 30, 2023.
Credit Facility Utilization: The company drew $3.3 million from credit facilities and short-term debt during the third quarter of 2024.
TMC FAQs
How does TMC typically perform around its earnings report dates?
Is TMC the metals company Inc. (TMC) Q3 2024 Earnings Call Summary positive or negative?
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TMC Earning Call Sentiment
TMC the metals company Inc. (TMC) Q3 2024 Earnings Call Transcript
TMC.O
4.55%Positive
The earnings call summary reveals several concerns: regulatory uncertainty, rising debt, and environmental impact concerns. Despite some positive aspects like a registered direct offering and government funding, the company's financial health is precarious with increased net loss and expenses. The Q&A section did not alleviate concerns due to unclear management responses. These factors, combined with the registered direct offering, suggest a negative sentiment, likely leading to a stock price decline of -2% to -8%.
