Southern Copper (NYSE:SCCO) Third Quarter 2024 ResultsKey Financial Results

• Revenue: US$2.93b (up 17% from 3Q 2023).

• Net income: US$896.7m (up 45% from 3Q 2023).

• Profit margin: 31% (up from 25% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.15 (up from US$0.79 in 3Q 2023).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Southern Copper EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 2.7% from a week ago.

Valuation

Southern Copper's financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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