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.
Southern Copper (SCCO) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Southern Copper (SCCO - Free Report) closed at $126.92 in the latest trading session, marking a -1.09% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.93%.
Coming into today, shares of the miner had gained 16.38% in the past month. In that same time, the Basic Materials sector lost 3.28%, while the S&P 500 gained 1.13%.
The investment community will be paying close attention to the earnings performance of Southern Copper in its upcoming release. It is anticipated that the company will report an EPS of $1.16, marking a 0.87% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.04 billion, indicating a 3.72% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.87 per share and a revenue of $12.45 billion, demonstrating changes of +12.47% and +8.9%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has moved 3.13% higher. Southern Copper presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 26.35 right now. This represents a discount compared to its industry average Forward P/E of 26.89.
One should further note that SCCO currently holds a PEG ratio of 1.23. 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 0.97 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Southern Copper (SCCO) Registers a Bigger Fall Than the Market: Important Facts to Note
Southern Copper (SCCO - Free Report) closed at $126.92 in the latest trading session, marking a -1.09% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.93%.
Coming into today, shares of the miner had gained 16.38% in the past month. In that same time, the Basic Materials sector lost 3.28%, while the S&P 500 gained 1.13%.
The investment community will be paying close attention to the earnings performance of Southern Copper in its upcoming release. It is anticipated that the company will report an EPS of $1.16, marking a 0.87% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.04 billion, indicating a 3.72% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.87 per share and a revenue of $12.45 billion, demonstrating changes of +12.47% and +8.9%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has moved 3.13% higher. Southern Copper presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 26.35 right now. This represents a discount compared to its industry average Forward P/E of 26.89.
One should further note that SCCO currently holds a PEG ratio of 1.23. 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 0.97 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.