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

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.)