Southern Copper Corporation (SCCO - Free Report) reported second-quarter 2019 earnings of 52 cents per share, missing the Zacks Consensus Estimate of 54 cents. The figure declined from 53 cents recorded in the prior-year quarter.
Net sales came in at $1,818 million, down 1% year over year. The top line declined on lower metal prices of copper and silver in the reported quarter. Further, the reported sales figure missed the Zacks Consensus Estimate of $1,840 million.
Adjusted EBITDA edged down 1.3% year over year to $942.8 million in the second quarter. Adjusted EBITDA margin was 51.9% compared with the prior-year quarter’s 52%.
Southern Copper Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Southern Copper Corporation (SCCO - Free Report) reported second-quarter 2019 earnings of 52 cents per share, missing the Zacks Consensus Estimate of 54 cents. The figure declined from 53 cents recorded in the prior-year quarter.
Net sales came in at $1,818 million, down 1% year over year. The top line declined on lower metal prices of copper and silver in the reported quarter. Further, the reported sales figure missed the Zacks Consensus Estimate of $1,840 million.
Adjusted EBITDA edged down 1.3% year over year to $942.8 million in the second quarter. Adjusted EBITDA margin was 51.9% compared with the prior-year quarter’s 52%.
Southern Copper Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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