AMG Critical Materials Second Quarter 2024 Earnings: US$0.34 loss per share (vs US$1.33 profit in 2Q 2023)

[email protected] (Simply Wall St)
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AMG Critical Materials (AMS:AMG) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$364.3m (down 17% from 2Q 2023).

  • Net loss: US$11.0m (down by 126% from US$42.8m profit in 2Q 2023).

  • US$0.34 loss per share (down from US$1.33 profit in 2Q 2023).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

AMG Critical Materials Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 3.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with AMG Critical Materials (at least 2 which make us uncomfortable), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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