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Southern Copper (SCCO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Southern Copper (SCCO - Free Report) closed the most recent trading day at $159.81, moving -4.14% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.28%.
The miner's stock has dropped by 13.46% in the past month, falling short of the Basic Materials sector's loss of 9.78% and the S&P 500's loss of 3.59%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. The company is expected to report EPS of $1.88, up 57.98% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.87 billion, up 23.93% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.57 per share and revenue of $14.56 billion, indicating changes of +25.38% and +8.5%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.3% increase. Southern Copper presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 25.38 right now. This valuation marks a premium compared to its industry average Forward P/E of 23.83.
It is also worth noting that SCCO currently has a PEG ratio of 1.72. 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. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 1.27.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Southern Copper (SCCO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Southern Copper (SCCO - Free Report) closed the most recent trading day at $159.81, moving -4.14% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.28%.
The miner's stock has dropped by 13.46% in the past month, falling short of the Basic Materials sector's loss of 9.78% and the S&P 500's loss of 3.59%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. The company is expected to report EPS of $1.88, up 57.98% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.87 billion, up 23.93% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.57 per share and revenue of $14.56 billion, indicating changes of +25.38% and +8.5%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.3% increase. Southern Copper presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 25.38 right now. This valuation marks a premium compared to its industry average Forward P/E of 23.83.
It is also worth noting that SCCO currently has a PEG ratio of 1.72. 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. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 1.27.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.