Compania Mina Buenaventura S.A. Down 3.61% To $5.87 After Earnings Miss

Wednesday, July 27, 2022 - Compania Mina Buenaventura S.A. (BVN) reported downside earnings and upside revenues.

Compania Mina Buenaventura S.A.'s earnings came in at an EPS loss of $0.16 per share, 180% lower than estimates for an EPS of $0.2 per share. The firm's earnings are down 207% since reporting $0.15 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Compania Mina Buenaventura S.A. reported a revenue of $150.1 million in Q2 2022. The firm managed negative 38% growth year-over-year due to Compania Mina Buenaventura S.A. reporting quarterly revenue of $240.9 million in its year-ago quarter. Compania Mina Buenaventura S.A. achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is down 3.61% to $5.87 after the report.

Compania Mina Buenaventura S.A.'s profit margins took a hit as earnings fell at a faster pace than revenues.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

Trading in the five days leading up to the report earned Compania Mina Buenaventura S.A. a Neutral Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 38. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Buenaventura Mining Co Inc is a mining company involved in exploring, mining, and processing in gold and silver. The company's operating segments are Production and sale of minerals; Exploration and development activities; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares; and Industrial activities. The company sells metals such as Silver, Gold, Copper, Zinc, Lead, and Manganese sulfate. its geographical segments are Peru, America (excluding Peru), Europe, and Asia.