Brokerages Expect Sierra Metals Inc. (SMTS) Will Post Quarterly Sales of $54.75 Million

Equities analysts predict that Sierra Metals Inc. (NASDAQ:SMTS) will post sales of $54.75 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sierra Metals’ earnings, with the lowest sales estimate coming in at $49.63 million and the highest estimate coming in at $59.86 million. Sierra Metals posted sales of $50.86 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The company is scheduled to report its next quarterly earnings results on Friday, November 9th.

According to Zacks, analysts expect that Sierra Metals will report full-year sales of $233.68 million for the current financial year, with estimates ranging from $224.65 million to $239.00 million. For the next financial year, analysts expect that the business will post sales of $265.19 million, with estimates ranging from $234.35 million to $294.21 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Sierra Metals.

Sierra Metals (NASDAQ:SMTS) last issued its earnings results on Monday, August 13th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $62.72 million for the quarter, compared to analysts’ expectations of $64.12 million.

Shares of NASDAQ SMTS traded up $0.01 during trading on Monday, hitting $2.43. 3,553 shares of the company were exchanged, compared to its average volume of 42,729. Sierra Metals has a 1 year low of $2.13 and a 1 year high of $3.00.

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