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This Rare Earths Stock Looks Absurdly Cheap

Rich Smith, The Motley Fool
·4-min read
This Rare Earths Stock Looks Absurdly Cheap

After reporting earnings for fiscal Q3 the previous evening, MP stock soared 8.7% when markets reopened as investors cheered MP's beating analyst targets on both top and bottom lines. Where Wall Street had predicted MP would earn $0.30 per share (pro forma), the company reported a 20% beat -- $0.36 per share. Sales and earnings at MP Materials didn't just exceed expectations -- they grew 25% and 43% year over year, respectively, with earnings growing nearly twice as fast as sales.

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