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Southern Copper (SCCO) Falls More Steeply Than Broader Market: What Investors Need to Know
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Southern Copper (SCCO - Free Report) closed the most recent trading day at $200.68, moving -3.25% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1.88%.
The stock of miner has risen by 9.52% in the past month, leading the Basic Materials sector's loss of 5.96% and the S&P 500's gain of 2.06%.
The upcoming earnings release of Southern Copper will be of great interest to investors. On that day, Southern Copper is projected to report earnings of $2.07 per share, which would represent year-over-year growth of 53.33%. At the same time, our most recent consensus estimate is projecting a revenue of $4.5 billion, reflecting a 33.33% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.94 per share and a revenue of $17.63 billion, signifying shifts of +51.53% and +31.41%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.36% increase. Currently, Southern Copper is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Southern Copper is at present trading with a Forward P/E ratio of 26.13. For comparison, its industry has an average Forward P/E of 25.54, which means Southern Copper is trading at a premium to the group.
Meanwhile, SCCO's PEG ratio is currently 1.83. 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. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 33% of all 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.
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) Falls More Steeply Than Broader Market: What Investors Need to Know
Southern Copper (SCCO - Free Report) closed the most recent trading day at $200.68, moving -3.25% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1.88%.
The stock of miner has risen by 9.52% in the past month, leading the Basic Materials sector's loss of 5.96% and the S&P 500's gain of 2.06%.
The upcoming earnings release of Southern Copper will be of great interest to investors. On that day, Southern Copper is projected to report earnings of $2.07 per share, which would represent year-over-year growth of 53.33%. At the same time, our most recent consensus estimate is projecting a revenue of $4.5 billion, reflecting a 33.33% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.94 per share and a revenue of $17.63 billion, signifying shifts of +51.53% and +31.41%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.36% increase. Currently, Southern Copper is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Southern Copper is at present trading with a Forward P/E ratio of 26.13. For comparison, its industry has an average Forward P/E of 25.54, which means Southern Copper is trading at a premium to the group.
Meanwhile, SCCO's PEG ratio is currently 1.83. 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. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 33% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.