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Avino Silver (ASM) Declines More Than Market: Some Information for Investors
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Avino Silver (ASM - Free Report) ended the recent trading session at $5.69, demonstrating a -9.11% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Heading into today, shares of the company had gained 10.99% over the past month, outpacing the Basic Materials sector's loss of 3.33% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Avino Silver in its upcoming earnings disclosure. The company is expected to report EPS of $0.09, up 50% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $40.3 million, up 84.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.34 per share and a revenue of $147.55 million, demonstrating changes of +17.24% and +59.99%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Avino Silver. Recent revisions tend to reflect the latest 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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Avino Silver is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Avino Silver currently has a Forward P/E ratio of 18.41. This indicates a premium in contrast to its industry's Forward P/E of 11.26.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 22% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Avino Silver (ASM) Declines More Than Market: Some Information for Investors
Avino Silver (ASM - Free Report) ended the recent trading session at $5.69, demonstrating a -9.11% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Heading into today, shares of the company had gained 10.99% over the past month, outpacing the Basic Materials sector's loss of 3.33% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Avino Silver in its upcoming earnings disclosure. The company is expected to report EPS of $0.09, up 50% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $40.3 million, up 84.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.34 per share and a revenue of $147.55 million, demonstrating changes of +17.24% and +59.99%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Avino Silver. Recent revisions tend to reflect the latest 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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Avino Silver is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Avino Silver currently has a Forward P/E ratio of 18.41. This indicates a premium in contrast to its industry's Forward P/E of 11.26.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 22% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.