We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Consensus Estimate for first-quarter revenues is currently pegged at $115 million, suggesting a 91.7% year-over-year growth. The consensus mark for earnings stands at 39 cents per share. Compared with earnings per share of 13 cents reported in the first quarter of 2021, the consensus mark indicates a solid improvement of 200%. The Zacks Consensus Estimate for earnings for the to-be-reported quarter has remained unchanged over the past 30 days.
Q4 Results
In the last reported quarter, MP Materials reported year-over-year improvement in both revenues and earnings. While revenues beat the Zacks Consensus Estimate, earnings missed the same. MP Material’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 33.6%.
The accelerating global transformation toward electrification and decarbonization has been spurring strong demand for critical rare earth materials. The company has been implementing efficiency improvements in the processing of rare earth materials, which has resulted in significantly higher production of rare earth oxide (REO). MP Materials produced 42,413 metric tons of REO in concentrate — the highest rare earth production in the United States and Mountain Pass history. The company sold a record 42,158 metric tons of REO. This trend is expected to have sustained in the first quarter of 2022, courtesy of the efficiency improvement efforts of the company.
Realized sales price of rare earth oxide is expected to have been higher in the quarter due to elevated market prices supported by strong demand and tight supply. Higher sales volume and prices may have contributed to the company’s performance in the quarter to be reported.
Higher raw material costs and COVID-19 impacted logistics costs may have impacted results in the first quarter. Nevertheless, per unit production costs owing to continued operational efficiencies, benefits from higher sales volumes and increased realized pricing driven by higher market prices may have offset some of these impacts on the company’s bottom-line performance in the quarter to be reported.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for MP Materials this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for MP Materials is 0.00%.
Zacks Rank: The company currently has a Zacks Rank #3.
MP Materials’ shares have gained 24.5% in the past year against the industry’s decline of 5.9%.
Stocks Poised to Beat Estimates
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this season:
Olympic Steel (ZEUS - Free Report) has an Earnings ESP of +6.64% and a Zacks Rank #1. The Zacks Consensus Estimate for the company’s revenues of $548 million for the first quarter of 2022 indicates year-over-year growth of 18.4%.
The Zacks Consensus Estimate for the company’s earnings for the first quarter of 2022 currently stands at $2.26, suggesting year-over-year growth of 14.7%. ZEUS has a trailing four-quarter earnings surprise of 49.6%, on average.
Cigna (CI - Free Report) currently has an Earnings ESP of +6.26% and a Zacks Rank of 2. The Zacks Consensus Estimate for CI’s quarterly revenues stands at $43.6 billion, suggesting year-over-year growth of 6.3%.
The Zacks Consensus Estimate for Cigna’s first-quarter fiscal 2022 earnings stands at $5.13 per share, suggesting growth of 8.5% from the year-ago quarter. CI has a trailing four-quarter earnings surprise of 6%, on average.
Performance Food Group (PFGC - Free Report) currently has an Earnings ESP of +10.17% and a Zacks Rank of 2. The Zacks Consensus Estimate for PFGC’s quarterly revenues is pegged at $13.11 billion, which indicates an increase of 9.6% from the prior-year quarter’s levels.
The Zacks Consensus Estimate for Performance Food Group’s first-quarter 2022 earnings has been stable in the past 30 days at 5 cents per share. The consensus mark projects year-over-year growth of 168%. PFGC has a trailing four-quarter earnings surprise of 1.51%, on average.
Image: Bigstock
MP Materials (MP) to Report Q1 Earnings: What's in Store?
MP Materials Corp. (MP - Free Report) is scheduled to report first-quarter 2022 results after the closing bell on May 5.
Q1 Estimates
The Zacks Consensus Estimate for first-quarter revenues is currently pegged at $115 million, suggesting a 91.7% year-over-year growth. The consensus mark for earnings stands at 39 cents per share. Compared with earnings per share of 13 cents reported in the first quarter of 2021, the consensus mark indicates a solid improvement of 200%. The Zacks Consensus Estimate for earnings for the to-be-reported quarter has remained unchanged over the past 30 days.
Q4 Results
In the last reported quarter, MP Materials reported year-over-year improvement in both revenues and earnings. While revenues beat the Zacks Consensus Estimate, earnings missed the same. MP Material’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 33.6%.
MP Materials Corp. Price and EPS Surprise
MP Materials Corp. price-eps-surprise | MP Materials Corp. Quote
Factors to Note
The accelerating global transformation toward electrification and decarbonization has been spurring strong demand for critical rare earth materials. The company has been implementing efficiency improvements in the processing of rare earth materials, which has resulted in significantly higher production of rare earth oxide (REO). MP Materials produced 42,413 metric tons of REO in concentrate — the highest rare earth production in the United States and Mountain Pass history. The company sold a record 42,158 metric tons of REO. This trend is expected to have sustained in the first quarter of 2022, courtesy of the efficiency improvement efforts of the company.
Realized sales price of rare earth oxide is expected to have been higher in the quarter due to elevated market prices supported by strong demand and tight supply. Higher sales volume and prices may have contributed to the company’s performance in the quarter to be reported.
Higher raw material costs and COVID-19 impacted logistics costs may have impacted results in the first quarter. Nevertheless, per unit production costs owing to continued operational efficiencies, benefits from higher sales volumes and increased realized pricing driven by higher market prices may have offset some of these impacts on the company’s bottom-line performance in the quarter to be reported.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for MP Materials this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for MP Materials is 0.00%.
Zacks Rank: The company currently has a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price Performance
Image Source: Zacks Investment Research
MP Materials’ shares have gained 24.5% in the past year against the industry’s decline of 5.9%.
Stocks Poised to Beat Estimates
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this season:
Olympic Steel (ZEUS - Free Report) has an Earnings ESP of +6.64% and a Zacks Rank #1. The Zacks Consensus Estimate for the company’s revenues of $548 million for the first quarter of 2022 indicates year-over-year growth of 18.4%.
The Zacks Consensus Estimate for the company’s earnings for the first quarter of 2022 currently stands at $2.26, suggesting year-over-year growth of 14.7%. ZEUS has a trailing four-quarter earnings surprise of 49.6%, on average.
Cigna (CI - Free Report) currently has an Earnings ESP of +6.26% and a Zacks Rank of 2. The Zacks Consensus Estimate for CI’s quarterly revenues stands at $43.6 billion, suggesting year-over-year growth of 6.3%.
The Zacks Consensus Estimate for Cigna’s first-quarter fiscal 2022 earnings stands at $5.13 per share, suggesting growth of 8.5% from the year-ago quarter. CI has a trailing four-quarter earnings surprise of 6%, on average.
Performance Food Group (PFGC - Free Report) currently has an Earnings ESP of +10.17% and a Zacks Rank of 2. The Zacks Consensus Estimate for PFGC’s quarterly revenues is pegged at $13.11 billion, which indicates an increase of 9.6% from the prior-year quarter’s levels.
The Zacks Consensus Estimate for Performance Food Group’s first-quarter 2022 earnings has been stable in the past 30 days at 5 cents per share. The consensus mark projects year-over-year growth of 168%. PFGC has a trailing four-quarter earnings surprise of 1.51%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.