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HudBay Minerals (HBM) Outperforms Broader Market: What You Need to Know
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HudBay Minerals (HBM - Free Report) ended the recent trading session at $23.68, demonstrating a +1.63% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.18% for the day. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 2.07%.
The mining company's stock has dropped by 20.1% in the past month, falling short of the Basic Materials sector's loss of 5.12% and the S&P 500's loss of 2.9%.
Analysts and investors alike will be keeping a close eye on the performance of HudBay Minerals in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.34, indicating a 78.95% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $684.1 million, indicating a 27.54% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.65 per share and a revenue of $2.93 billion, signifying shifts of +146.27% and +32.36%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for HudBay Minerals. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.73% higher. HudBay Minerals currently has a Zacks Rank of #3 (Hold).
In terms of valuation, HudBay Minerals is presently being traded at a Forward P/E ratio of 14.09. This expresses a discount compared to the average Forward P/E of 15.98 of its industry.
It's also important to note that HBM currently trades at a PEG ratio of 0.27. 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 the market closed yesterday, the Mining - Miscellaneous industry was having an average PEG ratio of 0.59.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 109, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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HudBay Minerals (HBM) Outperforms Broader Market: What You Need to Know
HudBay Minerals (HBM - Free Report) ended the recent trading session at $23.68, demonstrating a +1.63% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.18% for the day. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 2.07%.
The mining company's stock has dropped by 20.1% in the past month, falling short of the Basic Materials sector's loss of 5.12% and the S&P 500's loss of 2.9%.
Analysts and investors alike will be keeping a close eye on the performance of HudBay Minerals in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.34, indicating a 78.95% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $684.1 million, indicating a 27.54% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.65 per share and a revenue of $2.93 billion, signifying shifts of +146.27% and +32.36%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for HudBay Minerals. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.73% higher. HudBay Minerals currently has a Zacks Rank of #3 (Hold).
In terms of valuation, HudBay Minerals is presently being traded at a Forward P/E ratio of 14.09. This expresses a discount compared to the average Forward P/E of 15.98 of its industry.
It's also important to note that HBM currently trades at a PEG ratio of 0.27. 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 the market closed yesterday, the Mining - Miscellaneous industry was having an average PEG ratio of 0.59.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 109, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.