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Avino Silver (ASM) Suffers a Larger Drop Than the General Market: Key Insights
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Avino Silver (ASM - Free Report) ended the recent trading session at $5.27, demonstrating a -4.18% change from the preceding day's closing price. This change lagged the S&P 500's 1.52% loss on the day. On the other hand, the Dow registered a loss of 2.19%, and the technology-centric Nasdaq decreased by 1.74%.
Shares of the company have depreciated by 13.25% over the course of the past month, underperforming the Basic Materials sector's loss of 0.32%, and the S&P 500's gain of 1.92%.
The investment community will be closely monitoring the performance of Avino Silver in its forthcoming earnings report. The company is predicted to post an EPS of $0.06, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $31.3 million, reflecting a 43.51% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.27 per share and a revenue of $126.9 million, demonstrating changes of -6.9% and +37.6%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Avino Silver. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection has moved 27.27% lower. Right now, Avino Silver possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Avino Silver is at present trading with a Forward P/E ratio of 20.37. For comparison, its industry has an average Forward P/E of 10.43, which means Avino Silver is trading at a premium to the group.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 174, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
View the Zacks #1 Rank List
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Avino Silver (ASM) Suffers a Larger Drop Than the General Market: Key Insights
Avino Silver (ASM - Free Report) ended the recent trading session at $5.27, demonstrating a -4.18% change from the preceding day's closing price. This change lagged the S&P 500's 1.52% loss on the day. On the other hand, the Dow registered a loss of 2.19%, and the technology-centric Nasdaq decreased by 1.74%.
Shares of the company have depreciated by 13.25% over the course of the past month, underperforming the Basic Materials sector's loss of 0.32%, and the S&P 500's gain of 1.92%.
The investment community will be closely monitoring the performance of Avino Silver in its forthcoming earnings report. The company is predicted to post an EPS of $0.06, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $31.3 million, reflecting a 43.51% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.27 per share and a revenue of $126.9 million, demonstrating changes of -6.9% and +37.6%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Avino Silver. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection has moved 27.27% lower. Right now, Avino Silver possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Avino Silver is at present trading with a Forward P/E ratio of 20.37. For comparison, its industry has an average Forward P/E of 10.43, which means Avino Silver is trading at a premium to the group.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 174, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.