Overview
Ferroglobe Q2 sales rise 25.9% q/q but miss analyst expectations
Adjusted EBITDA of $21.6 mln beats estimates, driven by higher volumes
Adjusted EPS loss of $0.08 misses analyst expectations
Outlook
Ferroglobe withdraws guidance due to macro uncertainty and limited visibility
Ongoing EU investigation may reduce import-driven price pressure
Result Drivers
HIGHER VOLUMES - Sales increase driven by higher volumes across product portfolio, particularly in silicon metal and manganese-based alloys
U.S. TRADE ACTIONS - Positive impact from U.S. antidumping duties on ferrosilicon market
COST ABSORPTION - Improved fixed cost absorption due to increased production volumes, boosting adjusted EBITDA
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $386.90 mln | $389.50 mln (2 Analysts) |
Q2 Adjusted EPS | Miss | -$0.08 | $0.02 (1 Analyst) |
Q2 Adjusted EBITDA | Beat | $21.60 mln | $20.20 mln (2 Analysts) |
Q2 Adjusted EBITDA Margin | 5.0% | ||
Q2 Operating Free Cash Flow | $15.60 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Ferroglobe PLC is $8.00, about 51.6% above its August 4 closing price of $3.87
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNX5PjRky
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)