MP Materials Corp reports results for the quarter ended June 30 - Earnings Summary

• MP Materials Corp MP.N reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of eleven analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -33 cents to -6 cents per share.

• Revenue rose 83.6% to $57.39 million from a year ago; analysts expected $45.62 million.

• MP Materials Corp's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $30.87 million.

• MP Materials Corp shares had risen by 102.9% this quarter and gained 332.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 57.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-gold precious metals & minerals peer group is also "buy"

• Wall Street's median 12-month price target for MP Materials Corp is $65.00, about 9.3% below its last closing price of $71.07

This summary was machine generated from LSEG data August 8 at 03:10 a.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)