We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HudBay Minerals (HBM) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
HudBay Minerals (HBM - Free Report) closed at $15.74 in the latest trading session, marking a +1.88% move from the prior day. This move outpaced the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq depreciated by 0.28%.
The mining company's stock has climbed by 24.6% in the past month, exceeding the Basic Materials sector's gain of 5.58% and the S&P 500's gain of 4.83%.
Investors will be eagerly watching for the performance of HudBay Minerals in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.19, showcasing a 46.15% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $558.33 million, reflecting a 14.94% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.84 per share and a revenue of $2.28 billion, demonstrating changes of +75% and +12.97%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HudBay Minerals. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.56% higher within the past month. HudBay Minerals is currently a Zacks Rank #3 (Hold).
In the context of valuation, HudBay Minerals is at present trading with a Forward P/E ratio of 18.47. This valuation marks a discount compared to its industry average Forward P/E of 18.68.
We can also see that HBM currently has a PEG ratio of 0.37. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Miscellaneous industry currently had an average PEG ratio of 2.29 as of yesterday's close.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
HudBay Minerals (HBM) Beats Stock Market Upswing: What Investors Need to Know
HudBay Minerals (HBM - Free Report) closed at $15.74 in the latest trading session, marking a +1.88% move from the prior day. This move outpaced the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq depreciated by 0.28%.
The mining company's stock has climbed by 24.6% in the past month, exceeding the Basic Materials sector's gain of 5.58% and the S&P 500's gain of 4.83%.
Investors will be eagerly watching for the performance of HudBay Minerals in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.19, showcasing a 46.15% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $558.33 million, reflecting a 14.94% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.84 per share and a revenue of $2.28 billion, demonstrating changes of +75% and +12.97%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HudBay Minerals. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.56% higher within the past month. HudBay Minerals is currently a Zacks Rank #3 (Hold).
In the context of valuation, HudBay Minerals is at present trading with a Forward P/E ratio of 18.47. This valuation marks a discount compared to its industry average Forward P/E of 18.68.
We can also see that HBM currently has a PEG ratio of 0.37. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Miscellaneous industry currently had an average PEG ratio of 2.29 as of yesterday's close.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.