Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
First Majestic Silver Corp (AG)
NYSEMaterialsSilverSnapshot 2026-11-04
$14.89-3.25%
Close 2026-11-05 · 1-day change
NYSEMaterialsSilverSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.98 → 0.98 EPS · FY ending Dec 31, 2027 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
| Measure / period | Management expectations | Analyst expectations |
|---|---|---|
| FY 2026 · Q3 | ||
| Revenue | No revenue guidance available | 423MAs of 2026-09-30 |
| EPS | No EPS guidance available | 0.189As of 2026-09-30 |
| FY 2026 · Q4 | ||
| Revenue | No revenue guidance available | 435.71M |
| EPS | No EPS guidance available | 0.201 |
| FY 2026 · Annual | ||
| Revenue | No revenue guidance available | |
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
earnings per share growth | Analysts expect earnings of $1.05 per share in 2026 and $1.10 in 2027. | Broken | EPS falls below $1.05 in FY26 or below $1.10 in FY27 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
AG is a high-risk cyclical Materials exposure, where results can be sensitive to economic conditions and sector trends. The long-term thesis is currently insufficiently clear because recent financial-performance history is too limited to assess its state.
The evidence does not provide a valuation level or specific market expectations, so whether AG is cheap, fair, or expensive versus peers cannot be assessed. The available pricing evidence shows low fragility, but that does not establish what expectations are already reflected.
Near term, the risk of an earnings miss is elevated: AG is in a high-miss-rate industry and has a run of consecutive misses. The sector context recently weakened, while a 3-month jobs average of +51k per month raises concern that further labor-market weakness could weigh on cyclical businesses.
Over the coming quarters, continued earnings strength and higher guidance from Materials bellwethers LIN, FCX, and SHW could support the sector backdrop. Misses or lower guidance from those companies, or further weakening in jobs data, could remove that support and increase recession concerns.
For a 1-3 year view, AG remains a high-risk cyclical case with an unclear thesis state, elevated near-term earnings risk, and a recently weaker sector context. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
1.65B |
| EPS | No EPS guidance available | 0.857 |
|---|
| FY 2027 · Annual | ||
|---|---|---|
| Revenue | No revenue guidance available | 1.79B |
| EPS | No EPS guidance available | 0.976 |
Management figures unavailable.
| A supporting condition in First Majestic Silver Corp's published investment case. The stated target is operational issues improve and costs stabilize within next 2 quarters. |
| Under Pressure |
| operational problems worsen or persist beyond next 2 quarters |
Production miss reported vs stable ops target Recent news highlights a production miss and the need for a best-in-year quarter to meet guidance, confirming ongoing operational pressure. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
production per share levels | The company is not loss-making and has potential to recover production levels. | Intact | production per share continues to decline over next 4 quarters | Qualitative condition This condition has no defined numerical measure. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
silver price stability | A supporting condition in First Majestic Silver Corp's published investment case. The stated target is silver prices stabilize or improve over next 4 quarters. | Under Pressure | silver prices decline significantly over next 4 quarters | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.99 → $0.98 · observed estimates
Unavailable → $1.79B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.99 | Unavailable | 3 / 0 |
| 2026-07-25 | $0.99 | Unavailable | 3 / 0 |
| 2026-07-26 | $0.99 | Unavailable | 3 / 0 |
| 2026-07-27 | $1.04 | $1,917,269,000 | 2 / 1 |
| 2026-07-28 | $0.99 | Unavailable | 3 / 0 |
| 2026-07-29 | $1.01 | Unavailable | 2 / 0 |
| 2026-07-30 | $1.01 | Unavailable | 2 / 0 |
| 2026-07-31 | $1.05 | $2,703,934,000 | 2 / 1 |
| 2026-08-01 | $1.05 | $2,703,934,000 | 2 / 1 |
| 2026-08-02 | $0.98 | $2,650,898,000 | 4 / 2 |
| 2026-08-03 | $0.98 | $2,650,898,000 | 4 / 2 |
| 2026-08-04 | $0.98 | $2,650,898,000 | 4 / 2 |
| 2026-08-05 | $1.02 | $2,650,898,000 | 4 / 2 |
| 2026-08-06 | $1.02 | $2,650,898,000 | 4 / 2 |
| 2026-08-07 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-08 | $1.02 | $2,650,898,000 | 4 / 2 |
| 2026-08-09 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-10 | $1.02 | $2,650,898,000 | 4 / 2 |
| 2026-08-11 | $1.02 | $2,650,898,000 | 4 / 2 |
| 2026-08-12 | $1.02 | $2,643,555,500 | 4 / 2 |
| 2026-08-13 | $1.02 | $2,643,555,500 | 4 / 2 |
| 2026-08-14 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-15 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-16 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-17 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-18 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-19 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-20 | $0.96 | $1,828,169,009 | 2 / 2 |
| 2026-08-21 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-22 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-23 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-24 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-25 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-26 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-27 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-28 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-29 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-30 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-08-31 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-01 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-02 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-03 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-04 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-05 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-06 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-07 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-08 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-09 | $1.00 | $1,828,073,753 | 2 / 2 |
| 2026-09-10 | $1.00 | $1,828,073,753 | 2 / 2 |
| 2026-09-11 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-12 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-13 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-14 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-15 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-16 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-17 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-18 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-19 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-20 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-21 | $1.00 | $1,828,073,767 | 2 / 2 |
| 2026-09-22 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-23 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-24 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-25 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-26 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-27 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-28 | $1.01 | $1,828,073,767 | 2 / 2 |
| 2026-09-29 | $0.99 | $1,828,073,767 | 2 / 2 |
| 2026-09-30 | $0.99 | $1,828,073,767 | 2 / 1 |
| 2026-10-01 | $0.99 | $1,828,073,767 | 2 / 1 |
| 2026-10-02 | $0.99 | $1,828,073,767 | 2 / 1 |
| 2026-10-03 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-04 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-05 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-06 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-07 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-08 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-09 | $0.98 | $1,828,073,767 | 2 / 1 |
| 2026-10-10 | $0.98 | $1,791,840,433 | 2 / 2 |
| 2026-10-11 | $0.98 | $1,791,840,433 | 2 / 2 |
| 2026-10-12 | $0.98 | $1,791,840,433 | 2 / 2 |
| 2026-10-13 | $0.98 | $1,791,840,433 | 2 / 2 |
| 2026-10-14 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-15 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-16 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-17 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-18 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-19 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-20 | $0.97 | $1,786,790,416 | 2 / 2 |
| 2026-10-21 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-22 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-23 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-24 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-25 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-26 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-27 | $0.97 | $1,786,666,667 | 2 / 2 |
| 2026-10-28 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-10-29 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-10-30 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-10-31 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-11-01 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-11-02 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-11-03 | $0.98 | $1,786,790,400 | 2 / 2 |
| 2026-11-04 | $0.98 | $1,786,790,400 | 2 / 2 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 5 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 1 recorded
0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.