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Southern Copper (SCCO) Gains As Market Dips: What You Should Know
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In the latest trading session, Southern Copper (SCCO - Free Report) closed at $133.27, marking a +1.04% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.63% for the day. Elsewhere, the Dow saw a downswing of 0.65%, while the tech-heavy Nasdaq depreciated by 0.47%.
Prior to today's trading, shares of the miner had gained 23.41% outpaced the Basic Materials sector's gain of 0.36% and the S&P 500's gain of 0.92%.
The upcoming earnings release of Southern Copper will be of great interest to investors. The company is predicted to post an EPS of $1.16, indicating a 0.87% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.04 billion, up 3.72% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.86 per share and a revenue of $12.45 billion, signifying shifts of +12.24% and +8.9%, respectively, from the last year.
Any recent changes to analyst estimates for Southern Copper should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.92% upward. Southern Copper is currently a Zacks Rank #2 (Buy).
Looking at valuation, Southern Copper is presently trading at a Forward P/E ratio of 27.14. For comparison, its industry has an average Forward P/E of 28.44, which means Southern Copper is trading at a discount to the group.
Meanwhile, SCCO's PEG ratio is currently 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Non Ferrous industry had an average PEG ratio of 0.95 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 10, positioning it in the top 5% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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Southern Copper (SCCO) Gains As Market Dips: What You Should Know
In the latest trading session, Southern Copper (SCCO - Free Report) closed at $133.27, marking a +1.04% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.63% for the day. Elsewhere, the Dow saw a downswing of 0.65%, while the tech-heavy Nasdaq depreciated by 0.47%.
Prior to today's trading, shares of the miner had gained 23.41% outpaced the Basic Materials sector's gain of 0.36% and the S&P 500's gain of 0.92%.
The upcoming earnings release of Southern Copper will be of great interest to investors. The company is predicted to post an EPS of $1.16, indicating a 0.87% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.04 billion, up 3.72% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.86 per share and a revenue of $12.45 billion, signifying shifts of +12.24% and +8.9%, respectively, from the last year.
Any recent changes to analyst estimates for Southern Copper should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.92% upward. Southern Copper is currently a Zacks Rank #2 (Buy).
Looking at valuation, Southern Copper is presently trading at a Forward P/E ratio of 27.14. For comparison, its industry has an average Forward P/E of 28.44, which means Southern Copper is trading at a discount to the group.
Meanwhile, SCCO's PEG ratio is currently 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Non Ferrous industry had an average PEG ratio of 0.95 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 10, positioning it in the top 5% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.