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Southern Copper (SCCO) Increases Yet Falls Behind Market: What Investors Need to Know
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Southern Copper (SCCO - Free Report) closed at $198.06 in the latest trading session, marking a +1.21% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow saw an upswing of 0.71%, while the tech-heavy Nasdaq appreciated by 2.26%.
Prior to today's trading, shares of the miner had lost 9.4% lagged the Basic Materials sector's gain of 0.21% and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. The company's upcoming EPS is projected at $2, signifying a 48.15% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.36 billion, reflecting a 29.08% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.83 per share and revenue of $17.36 billion, which would represent changes of +49.43% and +29.37%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, there's been a 2.92% rise in the Zacks Consensus EPS estimate. Southern Copper is currently a Zacks Rank #3 (Hold).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 24.99. This indicates a discount in contrast to its industry's Forward P/E of 25.17.
It is also worth noting that SCCO currently has a PEG ratio of 1.75. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Non Ferrous industry currently had an average PEG ratio of 0.94 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 15% 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.
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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Southern Copper (SCCO) Increases Yet Falls Behind Market: What Investors Need to Know
Southern Copper (SCCO - Free Report) closed at $198.06 in the latest trading session, marking a +1.21% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow saw an upswing of 0.71%, while the tech-heavy Nasdaq appreciated by 2.26%.
Prior to today's trading, shares of the miner had lost 9.4% lagged the Basic Materials sector's gain of 0.21% and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. The company's upcoming EPS is projected at $2, signifying a 48.15% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.36 billion, reflecting a 29.08% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.83 per share and revenue of $17.36 billion, which would represent changes of +49.43% and +29.37%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, there's been a 2.92% rise in the Zacks Consensus EPS estimate. Southern Copper is currently a Zacks Rank #3 (Hold).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 24.99. This indicates a discount in contrast to its industry's Forward P/E of 25.17.
It is also worth noting that SCCO currently has a PEG ratio of 1.75. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Non Ferrous industry currently had an average PEG ratio of 0.94 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 15% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.