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Southern Copper (SCCO) Exceeds Market Returns: Some Facts to Consider
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In the latest trading session, Southern Copper (SCCO - Free Report) closed at $144.00, marking a +1.21% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.88%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 1.31%.
Heading into today, shares of the miner had gained 18.55% over the past month, outpacing the Basic Materials sector's gain of 8.3% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.54, showcasing a 52.48% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $3.68 billion, reflecting a 32.06% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.27 per share and a revenue of $13.12 billion, indicating changes of +21.71% and +14.78%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature 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. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.39% increase. Right now, Southern Copper possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 26.98. This represents a discount compared to its industry average Forward P/E of 30.35.
Investors should also note that SCCO has a PEG ratio of 1.31 right now. 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. The Mining - Non Ferrous industry had an average PEG ratio of 1.08 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 42% of over 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.
To follow SCCO in the coming trading sessions, be sure to utilize Zacks.com.
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Southern Copper (SCCO) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, Southern Copper (SCCO - Free Report) closed at $144.00, marking a +1.21% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.88%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 1.31%.
Heading into today, shares of the miner had gained 18.55% over the past month, outpacing the Basic Materials sector's gain of 8.3% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.54, showcasing a 52.48% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $3.68 billion, reflecting a 32.06% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.27 per share and a revenue of $13.12 billion, indicating changes of +21.71% and +14.78%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature 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. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.39% increase. Right now, Southern Copper possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 26.98. This represents a discount compared to its industry average Forward P/E of 30.35.
Investors should also note that SCCO has a PEG ratio of 1.31 right now. 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. The Mining - Non Ferrous industry had an average PEG ratio of 1.08 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 42% of over 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.
To follow SCCO in the coming trading sessions, be sure to utilize Zacks.com.