Equity Profile

EXK

Endeavour Silver Corp.

MaterialsSilver$2.4B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Endeavour Silver Corp. is a mining company focused on silver production, operating in the materials sector....

Key Metrics to Watch

Silver Production

This metric indicates the company's operational efficiency and ability to meet market demand.

N/A

Cost Per Ounce

Understanding production costs is crucial for assessing profitability, especially in a volatile silver market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EXK Q2-2026 Earnings Preview

Context

Company Snapshot

Endeavour Silver Corp. is a mining company focused on silver production, operating in the materials sector. With a market cap of $3 billion, it plays a significant role in the silver industry, which is influenced by factors such as global demand for silver in electronics and jewelry, as well as investment trends in precious metals.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-30.42%

Avg Stock Reaction

+0.63%

Last Quarter Recap

In Q1-2026, Endeavour Silver reported an earnings per share (EPS) of $0.21, significantly beating expectations of $0.10. The stock reacted positively, gaining 8.38% the following day.

Management Promises & Guidance

Management committed to improving operational efficiency.
They indicated plans to explore new mining opportunities.
They emphasized a focus on cost management to enhance profitability.

Expectations

Wall Street Expectations

Overall, expectations for Endeavour Silver's upcoming earnings are mixed, given the company's recent performance and the volatility in silver prices. Investors are keen to see if the company can sustain its positive momentum from the last quarter.

Bull Case

If Endeavour Silver continues to outperform production estimates and manage costs effectively, it could lead to strong revenue growth and further stock appreciation.

Bear Case

Conversely, if the company fails to meet production targets or if silver prices decline, it could result in disappointing earnings and a negative stock reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the silver production numbers for Q2-2026?

Production levels are critical for assessing the company's ability to meet demand and drive revenue.

How has the cost per ounce changed compared to previous quarters?

Changes in production costs can significantly impact profitability, especially in a fluctuating market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for Endeavour Silver to capitalize on rising silver prices, especially if production numbers exceed expectations.

Supporting Evidence

The recent EPS surprise of +110% indicates strong operational performance.

Options pricing suggests significant volatility, which may reflect underlying positive sentiment not fully captured by consensus.

Key Risk

If silver prices rise significantly post-earnings, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on production efficiency and cost management, which are critical to maintaining profitability.

Bull Confirmed If

A silver production increase of over 15% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A cost per ounce increase exceeding 10% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±30.89%

Historical Avg

±7.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±30.9% while EXK has averaged ±7.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

77.6%

Calls (146K)P/C Ratio: 0.08Puts (62K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Materials

n=30

Fade rate: 13 of 30 (43%)

This setup has occurred 30 times across Materials in the last 2 years. 13 of 30 faded and 17 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.7%, with a raw directional average of +0.6% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Endeavour Silver beats expectations, history suggests a potential stock increase of around 16.28%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline of about 1.70%, reflecting investor disappointment and concerns over operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on silver production forecasts for the upcoming quarters.
2Details on cost management strategies and their effectiveness.
3Any commentary on market demand for silver in various sectors.
4Insights into potential new mining projects or acquisitions.
5Management's outlook on silver price trends and their impact on operations.

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Company Snapshot

Endeavour Silver Corp. is a mining company focused on silver production, operating in the materials sector....

Key Metrics to Watch

Silver Production

This metric indicates the company's operational efficiency and ability to meet market demand.

N/A

Cost Per Ounce

Understanding production costs is crucial for assessing profitability, especially in a volatile silver market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EXK Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-30.42%

Avg Stock Reaction

+0.63%

Last Quarter Recap

In Q1-2026, Endeavour Silver reported an earnings per share (EPS) of $0.21, significantly beating expectations of $0.10. The stock reacted positively, gaining 8.38% the following day.

Management Promises & Guidance

Management committed to improving operational efficiency.
They indicated plans to explore new mining opportunities.
They emphasized a focus on cost management to enhance profitability.

Expectations

Wall Street Expectations

Bull Case

If Endeavour Silver continues to outperform production estimates and manage costs effectively, it could lead to strong revenue growth and further stock appreciation.

Bear Case

Conversely, if the company fails to meet production targets or if silver prices decline, it could result in disappointing earnings and a negative stock reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the silver production numbers for Q2-2026?

Production levels are critical for assessing the company's ability to meet demand and drive revenue.

How has the cost per ounce changed compared to previous quarters?

Changes in production costs can significantly impact profitability, especially in a fluctuating market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for Endeavour Silver to capitalize on rising silver prices, especially if production numbers exceed expectations.

Supporting Evidence

The recent EPS surprise of +110% indicates strong operational performance.

Options pricing suggests significant volatility, which may reflect underlying positive sentiment not fully captured by consensus.

Key Risk

If silver prices rise significantly post-earnings, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on production efficiency and cost management, which are critical to maintaining profitability.

Bull Confirmed If

A silver production increase of over 15% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A cost per ounce increase exceeding 10% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±30.89%

Historical Avg

±7.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±30.9% while EXK has averaged ±7.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

77.6%

Calls (146K)P/C Ratio: 0.08Puts (62K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Materials

n=30

Fade rate: 13 of 30 (43%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Endeavour Silver beats expectations, history suggests a potential stock increase of around 16.28%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline of about 1.70%, reflecting investor disappointment and concerns over operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on silver production forecasts for the upcoming quarters.
2Details on cost management strategies and their effectiveness.
3Any commentary on market demand for silver in various sectors.
4Insights into potential new mining projects or acquisitions.
5Management's outlook on silver price trends and their impact on operations.