Sociedad Química y Minera de Chile Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Sociedad Química y Minera de Chile (NYSE:SQM) Second Quarter 2024 Results
Key Financial Results
Revenue: US$1.29b (down 37% from 2Q 2023).
Net income: US$213.6m (down 63% from 2Q 2023).
Profit margin: 17% (down from 28% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.75 (down from US$2.03 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sociedad Química y Minera de Chile Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Sociedad Química y Minera de Chile (of which 2 are significant!) you should know about.
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