Ero Copper Corp's latest earnings report shows impressive growth, exceeding analyst expectations and highlighting strong operational performance.
Ero Copper Corp (ERO.TO) posted its earnings for the second quarter of 2026, revealing an earnings per share (EPS) of 1.16, which is 16% higher than the consensus estimate of 1.00. This continues the company’s positive earnings trend, with a significant year-over-year growth rate of 75.5%.
Recent earnings trend
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Ero Copper Corp
ERO.TO
ERO.TO
Ero Copper Corp
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Market cap
$4.98B
P/E
11.6x
52W high
$53.69
52W low
$18.57
1W change
+26.94%
Beta
1.59
Analyst Price Targets
Based on analyst covering ERO
Wall Street analysts forecast ERO stock price to rise 4.2% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$49.78
+4.2% Upside
Current Price
C$47.78
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ERO's historical volatility
30-Day Vol
61.7%
Annualized
90-Day Vol
67.5%
Annualized
Trend (90d)
+37.1%
Annualized drift
90d Mean
C$54.55
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$49.94 | C$40.36 – C$61.79 |
| 60 trading days | C$52.19 | C$38.62 – C$70.54 |
| 90 trading days | C$54.55 | C$37.72 – C$78.89 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 1.2100 | — |
| 2026-06-30 | 2026-08-05 | 1.1600 | 1.0000 | +16.0% |
| 2026-03-31 | 2026-05-04 | 0.9400 | 0.7200 | +30.6% |
| 2025-12-31 | 2026-03-05 | 1.4300 | 1.4400 | -0.7% |
| 2025-09-30 | 2025-11-04 | 0.3800 | 0.4500 | -15.6% |
| 2025-06-30 | 2025-07-31 | 0.6400 | 0.4600 | +39.1% |
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Investor takeaway: The strong EPS performance and a solid revenue outlook suggest that Ero Copper is well-positioned in the metals and mining sector. Investors should consider the company’s growth trajectory and operational efficiencies as it navigates the market.
Ero Copper's EPS Surges 16% Above Consensus
With an EPS of 1.16 compared to an estimate of 1.00, Ero Copper continues to show strong performance, having beaten estimates in 2 of the last 4 quarters.
Bull case
Ero Copper's recent earnings beat reflects its operational efficiency and strong production capabilities. With a profit margin of nearly 30%, the company is effectively managing costs while increasing output, making it an attractive investment in the materials sector.
Bear case
Despite the positive earnings report, Ero Copper operates in a volatile industry that is sensitive to fluctuations in commodity prices. Investors should be cautious of potential downturns in copper prices that could impact future earnings.
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