Hudbay Minerals Inc reports results for the quarter ended June 30 - Earnings Summary

• Hudbay Minerals Inc HBM.TO reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of ten analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 8 cents to 21 cents per share.

• Revenue rose 26.1% to $536.40 million from a year ago; analysts expected $529.05 million.

• Hudbay Minerals Inc's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $117.7 million.

• Hudbay Minerals Inc shares had fallen by 7.2% this quarter and gained 21.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.3% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "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"

This summary was machine generated from LSEG data August 13 at 01:30 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)