Hudbay Minerals Q4 Net Income Jumps 503% While EPS Misses Estimates
Hudbay Minerals reported Q4 net income of $128.0 million ($0.32/share), up from $21.2 million ($0.05) a year earlier, with adjusted EBITDA rising to $385.9 million from $257.3 million. Revenue climbed to $732.9 million versus $584.9 million, though adjusted EPS of $0.22 fell short of the $0.40 consensus estimate.
1. Q4 Financial Results
In the fourth quarter Hudbay Minerals posted net earnings of $128.0 million ($0.32 per share) compared to $21.2 million ($0.05) a year earlier. Adjusted EBITDA rose to $385.9 million from $257.3 million and revenue increased to $732.9 million from $584.9 million.
2. Estimate Misses and Market Reaction
Adjusted EPS of $0.22 fell below the $0.40 analyst consensus and revenue missed the $763.8 million forecast. Shares slid 4.41% in pre-market trading, reflecting market concern over the estimate shortfall.
3. Annual Results
For the full year, the company reported profit of $568.5 million ($1.44 per share) and revenue of $2.21 billion, marking significant growth over the prior year despite the Q4 forecast misses.