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Bullboard - Stock Discussion Forum Largo Inc T.LGO

Alternate Symbol(s):  LGO

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company... see more

TSX:LGO - Post Discussion

Largo Inc > Earnings Surprises
View:
Post by kha341 on Aug 11, 2021 5:15pm

Earnings Surprises

Actual EPS below Mean EPS by -55.6%




Comment by ninja123 on Aug 11, 2021 5:38pm
Kha, breaking down today's EPS miss .. what do you see as the main driver? top line or margin/expenses? what $ amount of revenue did the analysts expect from iron ore? i am struggling to find #s.
Comment by Johnny6565 on Aug 11, 2021 5:56pm
Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is extremely pleased to announce our geologists have identified a potentially significant low bulk tonnage gold target. The Providence Gold Mines properties with numerous high grade historical deposits are located near the historical gold town of Sonora, California.
Comment by kha341 on Aug 11, 2021 8:20pm
1) First of all let me say that I just noticed that the chart above (from Refinitiv - Thomson Reuters) is wrong. The analyst  EPS estimates are supposed to be CAD$. So the comparison should be: Q2-21 Actual EPS = ~C$0.17 (US$0.13) vs Mean EPS = C$0.29 for a negative surprise of -42%. 2) The negative surprise is due mainly to the tax amount of US$5.7M deducted from Net Income.  Q2 ...more  
Comment by kha341 on Aug 11, 2021 8:52pm
In 2019 we only reported US$2.6M in tax amounts at the end of Q2 and US$3.5M at year-end  
Comment by ninja123 on Aug 12, 2021 9:28am
thank you .. yes .. possibly other one-off items as well that increased costs.  higher V/higher grade sales/VRFB pipeline will fix this over time.  ... 
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