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Southern Copper (SCCO) Registers a Bigger Fall Than the Market: Important Facts to Note
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Southern Copper (SCCO - Free Report) ended the recent trading session at $159.76, demonstrating a -3.46% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.74% for the day. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 2.38%.
Prior to today's trading, shares of the miner had lost 23.1% lagged the Basic Materials sector's loss of 13.13% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. In that report, analysts expect Southern Copper to post earnings of $1.88 per share. This would mark year-over-year growth of 57.98%. At the same time, our most recent consensus estimate is projecting a revenue of $3.87 billion, reflecting a 23.93% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.57 per share and a revenue of $14.56 billion, indicating changes of +25.38% and +8.5%, respectively, from the former year.
Any recent changes to analyst estimates for Southern Copper should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.3% increase. Southern Copper currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Southern Copper currently has a Forward P/E ratio of 25.19. This represents a premium compared to its industry average Forward P/E of 23.98.
Also, we should mention that SCCO has a PEG ratio of 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 1.3.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 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) Registers a Bigger Fall Than the Market: Important Facts to Note
Southern Copper (SCCO - Free Report) ended the recent trading session at $159.76, demonstrating a -3.46% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.74% for the day. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 2.38%.
Prior to today's trading, shares of the miner had lost 23.1% lagged the Basic Materials sector's loss of 13.13% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. In that report, analysts expect Southern Copper to post earnings of $1.88 per share. This would mark year-over-year growth of 57.98%. At the same time, our most recent consensus estimate is projecting a revenue of $3.87 billion, reflecting a 23.93% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.57 per share and a revenue of $14.56 billion, indicating changes of +25.38% and +8.5%, respectively, from the former year.
Any recent changes to analyst estimates for Southern Copper should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.3% increase. Southern Copper currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Southern Copper currently has a Forward P/E ratio of 25.19. This represents a premium compared to its industry average Forward P/E of 23.98.
Also, we should mention that SCCO has a PEG ratio of 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 1.3.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 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.