Endeavour Silver Corp Down 2.66% To $3.66 After Earnings Miss

Endeavour Silver Corp (EXK) reported less than expected earnings this morning for Q2 2022.

Analyst expectations for Endeavour Silver Corp earnings per share (EPS) were at $0.03, with the company missing those estimates with a reported EPS loss of $0.02 per share, leading to a negative surprise of $0.05 per share (-167%). Endeavour Silver Corp's earnings were down 300% year-over-year as the firm reported an EPS of $0.01 in its year-ago quarter. The negative annual growth shows the Basic Materials company isn't performing well amid current economic conditions.

Consensus estimates for Endeavour Silver Corp revenue averaged out to $35.9 million, with the business missing on those expectations with reported second-quarter revenue of $30.8 million. The $5.1 million (14%) negative revenue surprise led to negative 36% growth year-over-year as the firm reported revenue of $47.8 million in its year-ago quarter. The lower earnings growth compared to revenue points to Endeavour Silver Corp not being able to improve its profit margin.

The stock is down 2.66% to $3.66 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Endeavour Silver Corp has performed a little above average during the past few months. Before the report, Endeavour Silver Corp received a Long-Term Technical Rank by InvestorsObserver of 52, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $2.89 on July 6, 2022 and set a 52-week high on November 11, 2021 at $5.95.

Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.