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Ero Copper Corp. (ERO) Exceeds Market Returns: Some Facts to Consider
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Ero Copper Corp. (ERO - Free Report) closed at $17.36 in the latest trading session, marking a +2.3% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.44%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq increased by 0.7%.
The stock of company has risen by 17.76% in the past month, leading the Basic Materials sector's gain of 7.28% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of Ero Copper Corp. in its upcoming release. The company is expected to report EPS of $0.57, up 111.11% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $215.45 million, indicating a 72.64% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.99 per share and a revenue of $777.53 million, indicating changes of +155.13% and +65.36%, respectively, from the former year.
Any recent changes to analyst estimates for Ero Copper Corp. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.35% higher. Ero Copper Corp. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Ero Copper Corp. is presently being traded at a Forward P/E ratio of 8.53. This indicates a discount in contrast to its industry's Forward P/E of 24.22.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ero Copper Corp. (ERO) Exceeds Market Returns: Some Facts to Consider
Ero Copper Corp. (ERO - Free Report) closed at $17.36 in the latest trading session, marking a +2.3% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.44%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq increased by 0.7%.
The stock of company has risen by 17.76% in the past month, leading the Basic Materials sector's gain of 7.28% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of Ero Copper Corp. in its upcoming release. The company is expected to report EPS of $0.57, up 111.11% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $215.45 million, indicating a 72.64% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.99 per share and a revenue of $777.53 million, indicating changes of +155.13% and +65.36%, respectively, from the former year.
Any recent changes to analyst estimates for Ero Copper Corp. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.35% higher. Ero Copper Corp. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Ero Copper Corp. is presently being traded at a Forward P/E ratio of 8.53. This indicates a discount in contrast to its industry's Forward P/E of 24.22.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.