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Southern Copper (SCCO) Exceeds Market Returns: Some Facts to Consider
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Southern Copper (SCCO - Free Report) closed at $204.26 in the latest trading session, marking a +1.31% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq increased by 0.45%.
Coming into today, shares of the miner had gained 3.31% in the past month. In that same time, the Basic Materials sector gained 12.62%, while the S&P 500 gained 2%.
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 $1.81, up 34.07% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.13 billion, reflecting a 22.39% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.61 per share and a revenue of $16.86 billion, representing changes of +45.23% and +25.6%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Southern Copper. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has shifted 0.29% downward. Currently, Southern Copper is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 26.5. This indicates a premium in contrast to its industry's Forward P/E of 26.13.
Also, we should mention that SCCO has a PEG ratio of 1.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Mining - Non Ferrous industry had an average PEG ratio of 1 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.
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.
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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Southern Copper (SCCO) Exceeds Market Returns: Some Facts to Consider
Southern Copper (SCCO - Free Report) closed at $204.26 in the latest trading session, marking a +1.31% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq increased by 0.45%.
Coming into today, shares of the miner had gained 3.31% in the past month. In that same time, the Basic Materials sector gained 12.62%, while the S&P 500 gained 2%.
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 $1.81, up 34.07% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.13 billion, reflecting a 22.39% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.61 per share and a revenue of $16.86 billion, representing changes of +45.23% and +25.6%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Southern Copper. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has shifted 0.29% downward. Currently, Southern Copper is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 26.5. This indicates a premium in contrast to its industry's Forward P/E of 26.13.
Also, we should mention that SCCO has a PEG ratio of 1.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Mining - Non Ferrous industry had an average PEG ratio of 1 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.