Franco-Nevada (NYSE:FNV) is preparing to release its quarterly earnings on Wednesday, 2024-11-06. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Franco-Nevada to report an earnings per share (EPS) of $0.86.
Franco-Nevada bulls will hope to hear the company 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).
Overview of Past Earnings
The company's EPS missed by $0.07 in the last quarter, leading to a 6.42% drop in the share price on the following day.
Here's a look at Franco-Nevada's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 0.72 | 0.84 | 0.89 |
| EPS Actual | 0.75 | 0.76 | 0.90 | 0.91 |
| Price Change % | -6.0% | -1.0% | -3.0% | -0.0% |
Tracking Franco-Nevada's Stock Performance
Shares of Franco-Nevada were trading at $132.01 as of November 04. Over the last 52-week period, shares are up 10.39%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Franco-Nevada visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
