Franco-Nevada (FNV) Q2 Earnings Beat Estimates, View Up
Zacks Investment Research | Aug 07, 2019 09:09PM ET
Franco-Nevada Corporation (TSX:FNV) delivered adjusted earnings of $64 million or 34 cents per share in second-quarter 2019, up from the prior-year quarter’s $53.7 million or 29 cents per share. In addition, the earnings per share figure surpassed the Zacks Consensus Estimate of 31 cents.
The company generated revenues of $170.5 million in the reported quarter, reflecting year-over-year improvement of 5.7%. The revenue figure missed the Zacks Consensus Estimate of $174 million. In the quarter, 83.8% of revenues were sourced from gold and gold equivalents (62.2% gold, 9.7% silver, 8.6% platinum group metals and 3.3% other mining assets) and 16.2% from energy (oil, gas and natural gas liquids).
The company sold 107,774 Gold Equivalent Ounces (GEOs) in the quarter, up from 107,333 GEOs in the prior-year quarter.
During the reported quarter, adjusted EBITDA increased 9.2% to $137.9 million from $126.3 million in the comparable period last year.
Franco-Nevada Corporation Price, Consensus and EPS Surprise
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