Examining the Future: Comstock's Earnings Outlook
Comstock (AMEX:LODE) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.
Analysts estimate that Comstock will report an earnings per share (EPS) of $-0.03.
The announcement from Comstock is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Historical Earnings Performance
The company's EPS missed by $0.02 in the last quarter, leading to a 8.33% drop in the share price on the following day.
Here's a look at Comstock's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.04 | -0.04 | -0.04 | 0.02 |
| EPS Actual | -0.06 | -0.06 | 0.08 | 0.11 |
| Price Change % | -8.0% | -9.0% | -5.0% | -1.0% |
Stock Performance
Shares of Comstock were trading at $0.51 as of October 18. Over the last 52-week period, shares are up 28.37%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Insights Shared by Analysts on Comstock
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Comstock.
The consensus rating for Comstock is Outperform, derived from 1 analyst ratings. An average one-year price target of $2.6 implies a potential 409.8% upside.
Comparing Ratings with Competitors
This comparison focuses on the analyst ratings and average 1-year price targets of Gevo, Green Plains and REX American Resources, three major players in the industry, shedding light on their relative performance expectations and market positioning.
- The consensus among analysts is an Buy trajectory for Gevo, with an average 1-year price target of $14.0, indicating a potential 2645.1% upside.
- As per analysts' assessments, Green Plains is favoring an Buy trajectory, with an average 1-year price target of $21.9, suggesting a potential 4194.12% upside.
- The consensus among analysts is an Buy trajectory for REX American Resources, with an average 1-year price target of $60.0, indicating a potential 11664.71% upside.
Insights: Peer Analysis
Within the peer analysis summary, vital metrics for Gevo, Green Plains and REX American Resources are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|---|---|---|---|---|
| Clean Energy Fuels | Outperform | 8.18% | $22.75M | -2.25% |
| Gevo | Buy | 24.12% | $1.84M | -3.95% |
| Green Plains | Buy | -27.84% | $37.82M | -2.78% |
| REX American Resources | Buy | -30.11% | $19.77M | 2.33% |
Key Takeaway:
Comstock is positioned in the middle among its peers for Consensus rating. It ranks at the bottom for Revenue Growth. Comstock is at the top for Gross Profit. Comstock is at the top for Return on Equity.
About Comstock
Comstock Inc is engaged in technologies that efficiently use wasted and under-utilized natural resources to produce renewable energy and other products that contribute to balancing uses and emissions of carbon and enhance mineral and material discoveries. The segments of the company are Fuels Metals, Mining, Strategic Investments, and Corporate. The company derives maximum revenue from Strategic Investments segment. The Strategic Investments Segment includes minority equity investments in Quantum Generative Materials LLC (physics-based artificial intelligence), Green Li-ion Pte Limited (lithium-ion battery recycling and cathode production), Sierra Springs Opportunity Fund (strategic direct investment in northern Nevada real estate), and other equity or equity-linked investments.
Comstock's Economic Impact: An Analysis
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Comstock's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1130.92%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Comstock's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1985.53%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Comstock's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -11.61%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Comstock's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -8.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.14.
To track all earnings releases for Comstock visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.