How did SVM's Q4 2024 earnings surprise the market?

Silvercorp Metals (SVM) reported its Q4 2024 earnings, with estimated EPS of $0.02 and estimated revenue of $38.6 million. The market's reaction to these earnings can be analyzed based on the following points:

1. **Earnings Surprise**: SVM's reported EPS of $0.02 was slightly below the analyst's estimate of $0.09. This discrepancy of $0.07 could be considered an earnings miss, potentially leading to disappointment among investors.

2. **Revenue Analysis**: The estimated revenue of $38.6 million was significantly lower than the record quarterly revenue of $72 million reported in Q1 2025. This decline in revenue might have been a surprise to the market, which could have concerns about the sustainability of SVM's revenue growth.
3. **Comparative Analysis**: When compared to the previous quarter, there was a notable decline in revenue and earnings. For instance, Q3 2024's revenue was $68 million and EPS was $0.12. In contrast, Q4 2024's revenue dropped to $38.6 million, and EPS decreased to $0.02. This decline could have been unexpected and might have influenced investor sentiment negatively.
4. **Investor Sentiment**: The market's anticipation before the earnings release was high, with investors eagerly awaiting the results and guidance for the next quarter. The actual earnings figures might not have met these expectations, leading to a negative reaction.

In conclusion, SVM's Q4 2024 earnings report likely surprised the market with lower-than-expected earnings and a significant decline in revenue compared to the previous quarter, contributing to potential investor disappointment.