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Why Avino Silver (ASM) Outpaced the Stock Market Today
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Avino Silver (ASM - Free Report) closed at $6.38 in the latest trading session, marking a +1.43% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
Prior to today's trading, shares of the company had lost 17.24% lagged the Basic Materials sector's loss of 0.24% and the S&P 500's loss of 1.29%.
The upcoming earnings release of Avino Silver will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.07, reflecting no change from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $36.5 million, indicating a 73.48% growth compared to the corresponding quarter of the prior year.
ASM's full-year Zacks Consensus Estimates are calling for earnings of $0.29 per share and revenue of $129.2 million. These results would represent year-over-year changes of 0% and +40.09%, respectively.
Investors might also notice recent changes to analyst estimates for Avino Silver. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.38% higher. Currently, Avino Silver is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 22.07. For comparison, its industry has an average Forward P/E of 13.04, which means Avino Silver is trading at a premium to the group.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why Avino Silver (ASM) Outpaced the Stock Market Today
Avino Silver (ASM - Free Report) closed at $6.38 in the latest trading session, marking a +1.43% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
Prior to today's trading, shares of the company had lost 17.24% lagged the Basic Materials sector's loss of 0.24% and the S&P 500's loss of 1.29%.
The upcoming earnings release of Avino Silver will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.07, reflecting no change from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $36.5 million, indicating a 73.48% growth compared to the corresponding quarter of the prior year.
ASM's full-year Zacks Consensus Estimates are calling for earnings of $0.29 per share and revenue of $129.2 million. These results would represent year-over-year changes of 0% and +40.09%, respectively.
Investors might also notice recent changes to analyst estimates for Avino Silver. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.38% higher. Currently, Avino Silver is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 22.07. For comparison, its industry has an average Forward P/E of 13.04, which means Avino Silver is trading at a premium to the group.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.