We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Avino Silver (ASM) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest close session, Avino Silver (ASM - Free Report) was down 8.85% at $6.49. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Meanwhile, the Dow experienced a rise of 0.98%, and the technology-dominated Nasdaq saw an increase of 0.96%.
Heading into today, shares of the company had gained 3.04% over the past month, outpacing the Basic Materials sector's loss of 0.74% and the S&P 500's loss of 1.96%.
Analysts and investors alike will be keeping a close eye on the performance of Avino Silver in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.06, indicating a 14.29% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $33.7 million, indicating a 60.17% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.29 per share and a revenue of $125.45 million, demonstrating changes of 0% and +36.02%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Avino Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.38% higher. As of now, Avino Silver holds a Zacks Rank of #4 (Sell).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 24.98. This indicates a premium in contrast to its industry's Forward P/E of 13.31.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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
Image: Bigstock
Avino Silver (ASM) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Avino Silver (ASM - Free Report) was down 8.85% at $6.49. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Meanwhile, the Dow experienced a rise of 0.98%, and the technology-dominated Nasdaq saw an increase of 0.96%.
Heading into today, shares of the company had gained 3.04% over the past month, outpacing the Basic Materials sector's loss of 0.74% and the S&P 500's loss of 1.96%.
Analysts and investors alike will be keeping a close eye on the performance of Avino Silver in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.06, indicating a 14.29% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $33.7 million, indicating a 60.17% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.29 per share and a revenue of $125.45 million, demonstrating changes of 0% and +36.02%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Avino Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.38% higher. As of now, Avino Silver holds a Zacks Rank of #4 (Sell).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 24.98. This indicates a premium in contrast to its industry's Forward P/E of 13.31.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.