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Southern Copper (SCCO) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Southern Copper (SCCO - Free Report) closed at $61.78, marking a -1.56% move from the previous day. This change lagged the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.15%.
Coming into today, shares of the miner had gained 1.44% in the past month. In that same time, the Basic Materials sector gained 2.96%, while the S&P 500 gained 0.89%.
Southern Copper will be looking to display strength as it nears its next earnings release. On that day, Southern Copper is projected to report earnings of $1.08 per share, which would represent a year-over-year decline of 10.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.14 per share and revenue of $11.11 billion. These totals would mark changes of -5.69% and +1.63%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.56% lower. Southern Copper currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Southern Copper is holding a Forward P/E ratio of 15.17. For comparison, its industry has an average Forward P/E of 7.88, which means Southern Copper is trading at a premium to the group.
We can also see that SCCO currently has a PEG ratio of 1.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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Southern Copper (SCCO) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Southern Copper (SCCO - Free Report) closed at $61.78, marking a -1.56% move from the previous day. This change lagged the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.15%.
Coming into today, shares of the miner had gained 1.44% in the past month. In that same time, the Basic Materials sector gained 2.96%, while the S&P 500 gained 0.89%.
Southern Copper will be looking to display strength as it nears its next earnings release. On that day, Southern Copper is projected to report earnings of $1.08 per share, which would represent a year-over-year decline of 10.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.14 per share and revenue of $11.11 billion. These totals would mark changes of -5.69% and +1.63%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.56% lower. Southern Copper currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Southern Copper is holding a Forward P/E ratio of 15.17. For comparison, its industry has an average Forward P/E of 7.88, which means Southern Copper is trading at a premium to the group.
We can also see that SCCO currently has a PEG ratio of 1.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.