Sigma Lithium (SGML) Projected to Post Earnings on Tuesday

Sigma Lithium (NASDAQ:SGML) is anticipated to post its Q4 2024 quarterly earnings results before the market opens on Tuesday, April 29th. Analysts expect Sigma Lithium to post earnings of $0.06 per share for the quarter.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The company had revenue of $46.70 million for the quarter, compared to analysts’ expectations of $71.77 million. On average, analysts expect Sigma Lithium to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sigma Lithium Stock Down 2.0 %

Sigma Lithium stock opened at $7.00 on Tuesday. The stock has a market capitalization of $778.95 million, a price-to-earnings ratio of -14.58 and a beta of 0.26. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $10.33 and a two-hundred day moving average of $11.77. Sigma Lithium has a twelve month low of $6.76 and a twelve month high of $19.20.

Wall Street Analysts Forecast Growth

Separately, Bank of America dropped their price objective on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

About Sigma Lithium

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.