Published on 8 Jan 2024 on Zacks via Yahoo Finance
MP Materials Corp. (MP) Advances But Underperforms Market: Key Facts
MP Materials Corp. (MP) closed at $18.59 in the latest trading session, marking a +1.36% move from the prior day. The stock lagged the S&P 500's daily gain of 1.41%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 2.2%.
Coming into today, shares of the company had gained 9.56% in the past month. In that same time, the Basic Materials sector gained 5.33%, while the S&P 500 gained 2.9%.
Market participants will be closely following the financial results of MP Materials Corp. in its upcoming release. The company is forecasted to report an EPS of -$0.01, showcasing a 102.38% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $50.45 million, down 45.9% from the year-ago period.