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ASM Gears Up to Report Q4 Earnings: What's in Store for the Stock?

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Key Takeaways

  • ASM is expected to report 19.4% higher Q4 revenues but a 14.3% EPS decline year over year.
  • Avino Silver's silver output rose 22%, while gold fell 34% and copper dropped 27% in Q4.
  • ASM benefited from sharply higher metal prices, but rising G&A costs likely pressured earnings.

Avino Silver & Gold Mines Ltd. (ASM - Free Report) is anticipated to deliver a year-over-year decline in its bottom line despite higher revenues when it reports fourth-quarter 2025 results next week.

The Zacks Consensus Estimate for Avino Silver’s fourth-quarter revenues is $29.1 million, which indicates year-over-year growth of 19.4%. The consensus mark for earnings has remained unchanged in the past 60 days at six cents per share. It indicates a 14.3% decline from the year-ago quarter.

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Avino Silver’s Earnings Surprise History

Avino Silver’s bottom line beat the Zacks Consensus Estimate in each of the trailing four quarters. Over the same period, the company recorded an average earnings surprise of 150%.

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What the Zacks Model Unveils for ASM

Our proven model does not conclusively predict an earnings beat for Avino Silver this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.

Earnings ESP: The Earnings ESP for ASM is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: Avino Silver currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Likely to Have Shaped Avino Silver’s Q4 Performance

Last month, Avino Silver provided its fourth-quarter production update, which may show how it is likely to have fared in the to-be-reported quarter. Silver-equivalent production was 671,583 ounces, which was down 9% from the fourth quarter of 2024. The decrease was attributed to lower feed grades in gold and copper.
Gold production was down 34% to 1,687 ounces. Copper production plunged 27% from the year-ago quarter to 1.295 million pounds.

Silver production, however, surged 22% year over year to 345,298 ounces, aided by improved grades and higher mill feed. La Preciosa contributed 48,244 ounces to the total.

Avino Silver stands to benefit from the higher metal prices in the quarter. Silver prices averaged around $55 per ounce, up 74% year over year. Gold prices averaged around $4,167 per ounce, up 56% year over year. Copper prices also strengthened 22% year over year in the quarter.

Increased metal prices and higher silver volumes, somewhat offset by lower production of gold and copper, are expected to reflect on ASM’s top-line results. However, these gains are likely to have been offset by elevated general and administrative expenses due to higher salaries and benefits, consulting fees and professional fees primarily as a result of a rise in operations and increased employee benefits and profit sharing from improved financial performance.

ASM Stock’s Price Performance

Avino Silver stock has surged 682% in a year compared with the industry’s 271.4% growth.

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How Did Avino Silver’s Peers Fare in Q4?

Pan American Silver’s (PAAS - Free Report) fourth-quarter silver production reached 7.3 million ounces, up 20.9% compared with the output from the same period last year. However, gold production for the fourth quarter was 197.8 thousand ounces. It was lower than the 224.2 thousand ounces produced in the year-ago quarter.

Pan American’s revenues were up 45% year over year to $1.2 billion on higher silver output and metal prices. PAAS reported record adjusted earnings per share of $1.11 per share in the fourth quarter of 2025, delivering a solid 217% improvement from the 35 cents reported in the fourth quarter of 2024. Pan American beat the respective Zacks Consensus Estimate for both metrics. 

Endeavour Silver Corp. (EXK - Free Report) produced 3,767,713 silver equivalent ounces in the fourth quarter of 2025, marking a 143% year-over-year surge. Silver output was up 146% to 2,030,206 ounces and gold was up 52% to 13,785 ounces.

Endeavour Silver’s revenues were up 309% year over year to $173 million. The company reported record adjusted earnings per share of two cents in the fourth quarter of 2025, in line with the year-ago quarter. Endeavour Silver’s top line beat the Zacks Consensus Estimate, while earnings missed.

A Stock Likely to Deliver Earnings Beat

Here is a stock with the right combination of elements to post an earnings beat in its upcoming release.

Wheaton Precious Metals (WPM - Free Report) , scheduled to release fourth-quarter 2025 earnings on March 12, has an Earnings ESP of +7.06% and a Zacks Rank of 1 at present. 

The Zacks Consensus Estimate for Wheaton Precious Metals’ earnings for the fourth quarter of 2025 is pegged at 92 cents per share, indicating a surge of 109% from the year-ago quarter’s reported figure. Wheaton Precious has a trailing four-quarter average earnings surprise of 5.9%.

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