Pan American Silver (PAAS - Free Report) closed at $17.53 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Coming into today, shares of the silver mining company had lost 2.14% in the past month. In that same time, the Basic Materials sector gained 0.57%, while the S&P 500 gained 5.1%.
Pan American Silver will be looking to display strength as it nears its next earnings release, which is expected to be May 10, 2023. On that day, Pan American Silver is projected to report earnings of $0.07 per share, which would represent a year-over-year decline of 53.33%. Meanwhile, our latest consensus estimate is calling for revenue of $367.01 million, down 16.57% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.84 per share and revenue of $2.45 billion, which would represent changes of +833.33% and +63.68%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Pan American Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 23.42% higher. Pan American Silver is currently a Zacks Rank #2 (Buy).
In terms of valuation, Pan American Silver is currently trading at a Forward P/E ratio of 21.31. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 21.31.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Pan American Silver (PAAS - Free Report) closed at $17.53 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Coming into today, shares of the silver mining company had lost 2.14% in the past month. In that same time, the Basic Materials sector gained 0.57%, while the S&P 500 gained 5.1%.
Pan American Silver will be looking to display strength as it nears its next earnings release, which is expected to be May 10, 2023. On that day, Pan American Silver is projected to report earnings of $0.07 per share, which would represent a year-over-year decline of 53.33%. Meanwhile, our latest consensus estimate is calling for revenue of $367.01 million, down 16.57% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.84 per share and revenue of $2.45 billion, which would represent changes of +833.33% and +63.68%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Pan American Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 23.42% higher. Pan American Silver is currently a Zacks Rank #2 (Buy).
In terms of valuation, Pan American Silver is currently trading at a Forward P/E ratio of 21.31. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 21.31.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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