Equity Profile

EXK

Endeavour Silver Corp.

MaterialsSilver$2.4B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Endeavour Silver Corp. (EXK) is a mining company focused on silver production and exploration in Mexico....

Key Metrics to Watch

Silver Production

Silver production levels are crucial as they directly impact revenue and profitability.

N/A

Cost Per Ounce

Understanding the cost to produce silver helps gauge efficiency and profitability.

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. (EXK) is a mining company focused on silver production and exploration in Mexico. With a market cap of $2 billion, it plays a significant role in the materials sector, especially as silver demand can be influenced by industrial use and investment trends.

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

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after a strong performance last quarter. However, there is uncertainty regarding production costs and silver prices.

Bull Case

If silver prices remain strong and production costs are managed effectively, the company could report impressive earnings, leading to a positive stock reaction.

Bear Case

Conversely, if production costs rise or silver prices fall, the company may struggle to meet expectations, resulting in a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected silver production for Q2-2026?

Production levels directly impact revenue, and any significant changes could affect investor sentiment.

How have production costs changed compared to the previous quarter?

Understanding cost trends is essential for assessing profitability and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for increased silver production due to operational improvements and favorable market conditions.

Supporting Evidence

The recent earnings surprise indicates strong operational performance that may continue.

Options pricing suggests a significant move, indicating market expectations may be misaligned with actual production capabilities.

Key Risk

If silver production exceeds expectations, it could invalidate cautious market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Endeavour Silver can maintain production efficiency while managing costs in a fluctuating silver price environment.

Bull Confirmed If

A silver production increase of over 10% compared to Q1-2026 would confirm the bull case.

Bear Confirmed If

If production costs rise by more than 15%, it 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, suggesting that traders expect volatility around the earnings announcement.

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 beats expectations, history suggests the stock could rise by an average of 16.28%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see a muted reaction as investors reassess future growth.

Miss

A miss on earnings could lead to a decline of around 1.70%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on silver production targets for Q2-2026.
2Details on cost management strategies and their effectiveness.
3Any commentary on silver price forecasts and market demand.
4Insights into operational challenges faced during the quarter.
5Management's outlook on future growth and investment plans.

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Company Snapshot

Endeavour Silver Corp. (EXK) is a mining company focused on silver production and exploration in Mexico....

Key Metrics to Watch

Silver Production

Silver production levels are crucial as they directly impact revenue and profitability.

N/A

Cost Per Ounce

Understanding the cost to produce silver helps gauge efficiency and profitability.

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

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after a strong performance last quarter. However, there is uncertainty regarding production costs and silver prices.

Bull Case

If silver prices remain strong and production costs are managed effectively, the company could report impressive earnings, leading to a positive stock reaction.

Bear Case

Conversely, if production costs rise or silver prices fall, the company may struggle to meet expectations, resulting in a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected silver production for Q2-2026?

Production levels directly impact revenue, and any significant changes could affect investor sentiment.

How have production costs changed compared to the previous quarter?

Understanding cost trends is essential for assessing profitability and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for increased silver production due to operational improvements and favorable market conditions.

Supporting Evidence

The recent earnings surprise indicates strong operational performance that may continue.

Options pricing suggests a significant move, indicating market expectations may be misaligned with actual production capabilities.

Key Risk

If silver production exceeds expectations, it could invalidate cautious market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Endeavour Silver can maintain production efficiency while managing costs in a fluctuating silver price environment.

Bull Confirmed If

A silver production increase of over 10% compared to Q1-2026 would confirm the bull case.

Bear Confirmed If

If production costs rise by more than 15%, it 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, suggesting that traders expect volatility around the earnings announcement.

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 beats expectations, history suggests the stock could rise by an average of 16.28%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see a muted reaction as investors reassess future growth.

Miss

A miss on earnings could lead to a decline of around 1.70%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on silver production targets for Q2-2026.
2Details on cost management strategies and their effectiveness.
3Any commentary on silver price forecasts and market demand.
4Insights into operational challenges faced during the quarter.
5Management's outlook on future growth and investment plans.