Ferroglobe: Slight Beat On Q2 Results And Commences 20% Buyback Program [Seeking Alpha]
Ferroglobe PLC - Ordinary Shares (GSM)
Last ferroglobe plc - ordinary shares earnings: 3/2 05:20 pm
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US:NASDAQ Investor Relations:
investor.ferroglobe.com
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Source: Seeking Alpha
Ferroglobe reported positive Q2 results with signs of price stabilization and volume improvement, narrowing EBITDA outlook for FY24. Despite the slight beat in figures, management expects a weak Q4, partly due to steel production weakness in Europe. Valuation remains weak but potential 40-60% upside if silicon and FeSi prices have stabilized, with conservative 5-year buyback approved for up to 20% of shares. US trade action against predatory Russian FeSi imports will allow Ferroglobe to gain US market share in 2025. Just_Super/iStock via Getty Images Introduction For readers new to Ferroglobe ( NASDAQ: GSM ), please read my previous article from January this year, which will provide some background to the business. Ferroglobe reported Q2 results last week, results were positive with signs of price stabilisation and better volume. Management Recommended For You About GSM Stock Related Stocks Trending Analysis Trending News
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News
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- Building Integrated Photovoltaic (BIPV) Market - c-Si, Monocrystalline, Polycrystalline, Roofing, Facades, Externally Integrated Systems, Residential, Commercial, Industrial - Global Forecasts 2024-2029 [Yahoo! Finance]Yahoo! Finance
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- We Think You Can Look Beyond Ferroglobe's (NASDAQ:GSM) Lackluster Earnings [Yahoo! Finance]Yahoo! Finance
GSM
Earnings
- 8/5/24 - Beat
GSM
Sec Filings
- 8/5/24 - Form 6-K
- GSM's page on the SEC website