MP Materials is a producer of rare earth materials. MP owns and operates rare earth mining and processing facilities, highlighted by the mineral rights to the Mountain Pass mine in California. The company also owns the intellectual property rights related to the processing and development of these minerals. MP Materials was founded in 2017 and is based in Las Vegas, NV.
MP exceeded earnings estimates during each quarter over the past year, boasting a +33.56% average earnings surprise. The company most recently reported Q4 EPS of $0.31, a +14.81% surprise over the $0.27 consensus. The stock has advanced over 68% in the past year and is up 24% this year alone.
MP Materials Corp. Price and EPS Surprise
Analysts covering MP have increased their current-quarter EPS estimates by 70% in just the past 30 days. The Q1 Zacks Consensus Estimate now stands at $0.34, translating to potential growth of 161.54% over the same quarter last year. MP is set to release these results on May 5th.
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