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MP Materials Corp. (MP) Gains But Lags Market: What You Should Know
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MP Materials Corp. (MP - Free Report) closed at $37.96 in the latest trading session, marking a +1.36% move from the prior day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Coming into today, shares of the company had lost 17.26% in the past month. In that same time, the Basic Materials sector lost 3.8%, while the S&P 500 lost 9.65%.
MP Materials Corp. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.21, up 16.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.67 million, up 91.25% from the year-ago period.
Any recent changes to analyst estimates for MP Materials Corp. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.45% higher within the past month. MP Materials Corp. is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that MP Materials Corp. has a Forward P/E ratio of 33.74 right now. Its industry sports an average Forward P/E of 10.29, so we one might conclude that MP Materials Corp. is trading at a premium comparatively.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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MP Materials Corp. (MP) Gains But Lags Market: What You Should Know
MP Materials Corp. (MP - Free Report) closed at $37.96 in the latest trading session, marking a +1.36% move from the prior day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Coming into today, shares of the company had lost 17.26% in the past month. In that same time, the Basic Materials sector lost 3.8%, while the S&P 500 lost 9.65%.
MP Materials Corp. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.21, up 16.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.67 million, up 91.25% from the year-ago period.
Any recent changes to analyst estimates for MP Materials Corp. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.45% higher within the past month. MP Materials Corp. is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that MP Materials Corp. has a Forward P/E ratio of 33.74 right now. Its industry sports an average Forward P/E of 10.29, so we one might conclude that MP Materials Corp. is trading at a premium comparatively.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.