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Silvercorp Metals Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Silvercorp Metals (TSE:SVM) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$51.7m (down 12% from 2Q 2022).

  • Net loss: US$1.71m (down by 118% from US$9.39m profit in 2Q 2022).

  • US$0.01 loss per share (down from US$0.053 profit in 2Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Silvercorp Metals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

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Performance of the Canadian Metals and Mining industry.

The company's shares are up 7.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Silvercorp Metals has 2 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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