Hudbay Minerals Inc reports results for the quarter ended March 31 - Earnings Summary

• Hudbay Minerals Inc HBM.TO reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 3 cents to 24 cents per share.

• Revenue rose 13.3% to $594.90 million from a year ago; analysts expected $573.89 million.

• Hudbay Minerals Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $100.4 million.

• Hudbay Minerals Inc shares had fallen by 1.9% this quarter and lost 8.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty mining & metals peer group is also "buy"

• Wall Street's median 12-month price target for Hudbay Minerals Inc is C$14.75

This summary was machine generated from LSEG data May 12 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)