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HudBay Minerals (HBM) Dips More Than Broader Market: What You Should Know
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HudBay Minerals (HBM - Free Report) closed at $26.48 in the latest trading session, marking a -1.16% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Shares of the mining company have depreciated by 10.67% over the course of the past month, underperforming the Basic Materials sector's loss of 7.25%, and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of HudBay Minerals in its upcoming release. The company is predicted to post an EPS of $0.35, indicating a 1066.67% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $765.01 million, indicating a 120.59% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.49 per share and a revenue of $2.88 billion, signifying shifts of +122.39% and +30.32%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for HudBay Minerals. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 9.35% fall in the Zacks Consensus EPS estimate. HudBay Minerals is currently a Zacks Rank #3 (Hold).
From a valuation perspective, HudBay Minerals is currently exchanging hands at a Forward P/E ratio of 17.98. This signifies no noticeable deviation in comparison to the average Forward P/E of 17.98 for its industry.
We can additionally observe that HBM currently boasts a PEG ratio of 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Mining - Miscellaneous industry had an average PEG ratio of 0.97.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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HudBay Minerals (HBM) Dips More Than Broader Market: What You Should Know
HudBay Minerals (HBM - Free Report) closed at $26.48 in the latest trading session, marking a -1.16% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Shares of the mining company have depreciated by 10.67% over the course of the past month, underperforming the Basic Materials sector's loss of 7.25%, and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of HudBay Minerals in its upcoming release. The company is predicted to post an EPS of $0.35, indicating a 1066.67% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $765.01 million, indicating a 120.59% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.49 per share and a revenue of $2.88 billion, signifying shifts of +122.39% and +30.32%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for HudBay Minerals. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 9.35% fall in the Zacks Consensus EPS estimate. HudBay Minerals is currently a Zacks Rank #3 (Hold).
From a valuation perspective, HudBay Minerals is currently exchanging hands at a Forward P/E ratio of 17.98. This signifies no noticeable deviation in comparison to the average Forward P/E of 17.98 for its industry.
We can additionally observe that HBM currently boasts a PEG ratio of 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Mining - Miscellaneous industry had an average PEG ratio of 0.97.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.