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Nexa Resources SA (NEXA)
NYSE:NEXA
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
-0.18Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 1.12%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Nexa Resources' strong financial performance, including significant increases in EBITDA and cash flow. However, operational challenges, particularly at Aripuanã, and increased costs in the smelting segment were noted as key issues. The sentiment is balanced by strategic progress and strong market fundamentals for zinc.Company Guidance
During the fourth quarter and full year 2024 earnings call, Nexa Resources highlighted several key performance metrics and strategic advancements. The company achieved its second-highest adjusted EBITDA in history at $714 million for the year, a 76% increase from 2023, driven by higher by-product contributions, increased zinc prices, and foreign exchange gains. In the fourth quarter alone, adjusted EBITDA was $197 million, up 79% year-over-year. The net leverage ratio improved to 1.7 times from 2.2 times in Q3. Total consolidated net revenues for Q4 reached $741 million, an 18% increase year-over-year. Despite a 19% decrease in zinc production compared to Q4 2023, Nexa met its annual production guidance for zinc, lead, and silver, while copper production exceeded expectations. The cash cost per pound for mining dropped significantly to $0.00 from $0.44 in the previous year, mainly due to higher by-product contributions and lower operational costs. For 2025, Nexa anticipates continued revenue growth, supported by enhanced operational efficiencies and strategic divestments, including the sale of non-core assets. The company also announced the approval of the first phase of the Cerro Pasco integration project and highlighted its new dividend policy, aiming to return 20% of free cash flow to shareholders, with a minimum payment of eight cents per common share.Strong Financial Performance
Fourth quarter adjusted EBITDA reached $197 million, a 79% increase year-over-year, and full-year adjusted EBITDA totaled $714 million, marking the second highest in Nexa's history.
Improved Financial Position
Notable improvement in cash balance, reduction in gross debt, and a decrease in net leverage ratio from 2.2 to 1.7 times.
Positive Cash Flow Generation
Generated positive consolidated cash flow for the first time since initiating the investment cycle in Aripuanã.
Progress in Strategic Divestments
Successful execution of strategic divestments, including the sale of the Morro Agudo complex and other non-core assets, allowing focus on high-return assets.
Cerro Pasco Integration Project Approval
First phase officially approved, including the implementation of tailings pumping and piping systems, extending the life of the mining complex.
Zinc Market Support
LME zinc price increased by 22% year-over-year in Q4 2024, driven by constrained concentrate supply.
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NEXA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEXA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $5.37 | $5.99 | +11.55% |
| Oct 31, 2024 | $8.02 | $7.91 | -1.37% |
| Aug 01, 2024 | $7.26 | $7.09 | -2.34% |
| May 02, 2024 | $7.29 | $7.33 | +0.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nexa Resources SA (NEXA) report earnings?
Nexa Resources SA (NEXA) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Nexa Resources SA (NEXA) earnings time?
Nexa Resources SA (NEXA) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEXA EPS forecast?
NEXA EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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