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Southern Copper (SCCO) Stock Dips While Market Gains: Key Facts
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Southern Copper (SCCO - Free Report) closed at $199.22 in the latest trading session, marking a -1.69% move from the prior day. This move lagged the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The miner's shares have seen a decrease of 0.79% over the last month, surpassing the Basic Materials sector's loss of 8.41% and falling behind the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results of Southern Copper in its upcoming release. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.86 per share and revenue of $17.36 billion. These totals would mark changes of +50% and +29.37%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Southern Copper. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 3.28% rise in the Zacks Consensus EPS estimate. Southern Copper presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 25.79 right now. This signifies a premium in comparison to the average Forward P/E of 25.3 for its industry.
It is also worth noting that SCCO currently has a PEG ratio of 1.8. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow SCCO in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Southern Copper (SCCO) Stock Dips While Market Gains: Key Facts
Southern Copper (SCCO - Free Report) closed at $199.22 in the latest trading session, marking a -1.69% move from the prior day. This move lagged the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The miner's shares have seen a decrease of 0.79% over the last month, surpassing the Basic Materials sector's loss of 8.41% and falling behind the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results of Southern Copper in its upcoming release. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.86 per share and revenue of $17.36 billion. These totals would mark changes of +50% and +29.37%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Southern Copper. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 3.28% rise in the Zacks Consensus EPS estimate. Southern Copper presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 25.79 right now. This signifies a premium in comparison to the average Forward P/E of 25.3 for its industry.
It is also worth noting that SCCO currently has a PEG ratio of 1.8. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow SCCO in the coming trading sessions, be sure to utilize Zacks.com.