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Pan American Silver (PAAS) Suffers a Larger Drop Than the General Market: Key Insights
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Pan American Silver (PAAS - Free Report) ended the recent trading session at $45.77, demonstrating a -4.73% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
The silver mining company's shares have seen a decrease of 9.14% over the last month, not keeping up with the Basic Materials sector's loss of 9.1% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Pan American Silver will be of great interest to investors. The company is expected to report EPS of $0.92, up 91.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.24 billion, showing a 44.52% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.81 per share and a revenue of $4.85 billion, demonstrating changes of +50% and +33.99%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Pan American Silver. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.55% decrease. Pan American Silver is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Pan American Silver is currently exchanging hands at a Forward P/E ratio of 12.62. This denotes no noticeable deviation relative to the industry average Forward P/E of 12.62.
Also, we should mention that PAAS has a PEG ratio of 4.73. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Mining - Silver industry held an average PEG ratio of 4.73.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 222, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Pan American Silver (PAAS) Suffers a Larger Drop Than the General Market: Key Insights
Pan American Silver (PAAS - Free Report) ended the recent trading session at $45.77, demonstrating a -4.73% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
The silver mining company's shares have seen a decrease of 9.14% over the last month, not keeping up with the Basic Materials sector's loss of 9.1% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Pan American Silver will be of great interest to investors. The company is expected to report EPS of $0.92, up 91.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.24 billion, showing a 44.52% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.81 per share and a revenue of $4.85 billion, demonstrating changes of +50% and +33.99%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Pan American Silver. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.55% decrease. Pan American Silver is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Pan American Silver is currently exchanging hands at a Forward P/E ratio of 12.62. This denotes no noticeable deviation relative to the industry average Forward P/E of 12.62.
Also, we should mention that PAAS has a PEG ratio of 4.73. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Mining - Silver industry held an average PEG ratio of 4.73.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 222, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.