Will AG's Q1 2025 earnings beat forecasts like Q4 2024?

**First Majestic Silver Corp. (AG) is unlikely to beat earnings forecasts for Q1 2025 compared to Q4 2024**, based on several indicators: 1. **Earnings Projection Contrast**: The estimated EPS for Q1 2025 is $0.13, while the actual EPS for Q4 2024 was $0.03. This significant difference suggests that the company's performance may not be meeting expectations. 2. **Revenue Projection**: The estimated revenue for Q1 2025 is $835.1 million, which is higher than the actual revenue for Q4 2024 of $172.3 million. However, this does not necessarily indicate a beat, as Q1 often has higher production due to seasonality in mining. 3. **Analyst Ratings and Adjustments**: Cormark boosted Q4 2024 EPS estimates to $0.12, which is below the Q1 2025 estimate of $0.13. This suggests that analysts are not currently expecting a beat. 4. **Recent Performance**: The company reported a quarterly adjusted loss in Q3 2024, which was worse than the same quarter last year. This recent underperformance may indicate ongoing challenges that could affect Q1 2025 results. 5. **Market Perform Rating**: BMO Capital Markets maintained a "Market Perform" rating, which does not suggest a strong positive outlook for Q1 2025. In conclusion, while AG's revenue for Q1 2025 may be strong due to seasonality, the earnings projection indicates a slight miss compared to Q4 2024, and the recent performance and analyst adjustments suggest that a beat is not currently expected.