Analysts Anticipate Sierra Metals Inc. (NASDAQ:SMTS) Will Announce Quarterly Sales of $36.28 Million

Brokerages expect that Sierra Metals Inc. (NASDAQ:SMTS) will report $36.28 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sierra Metals’ earnings, with the lowest sales estimate coming in at $34.83 million and the highest estimate coming in at $37.74 million. Sierra Metals reported sales of $50.67 million during the same quarter last year, which would indicate a negative year over year growth rate of 28.4%. The business is expected to announce its next earnings report on Wednesday, August 12th.

According to Zacks, analysts expect that Sierra Metals will report full-year sales of $230.92 million for the current year, with estimates ranging from $201.70 million to $259.93 million. For the next financial year, analysts anticipate that the firm will report sales of $341.46 million, with estimates ranging from $257.70 million to $448.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Sierra Metals.

Sierra Metals (NASDAQ:SMTS) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $55.56 million for the quarter, compared to analysts’ expectations of $71.91 million.

Shares of SMTS stock traded up $0.03 during mid-day trading on Thursday, reaching $1.25. 142,500 shares of the company’s stock traded hands, compared to its average volume of 373,997. Sierra Metals has a 12 month low of $0.45 and a 12 month high of $2.75. The company’s 50-day moving average price is $0.99 and its 200-day moving average price is $1.15.

Sierra Metals Company Profile

Sierra Metals Inc focuses on the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company holds 81.84% interest in the polymetallic Yauricocha Mine, which covers 18,778 hectares located in the Yauyos province in Peru.

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