Benzinga | Oct 25, 2021 11:04AM EDT

Earnings Preview For First Quantum Minerals

First Quantum Minerals (OTC:FQVLF) is set to give its latest quarterly earnings report on Tuesday, 2021-10-26. Here's what investors need to know before the announcement.

Analysts estimate that First Quantum Minerals will likely report an Earnings Per Share (EPS) of $0.34

First Quantum Minerals bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 92.31%, which was followed by a 2.24% increase in the share price the next day.

Here's a look at First Quantum Minerals's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.13 0.13 0.13 0.02EPS Actual 0.25 0.22 0.08 0.04Price Change % 2.24% 0.6% -1.26% 4.95%

Stock Performance

Shares of First Quantum Minerals were trading at $23.72 as of October 22. Over the last 52-week period, shares are up 121.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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