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HudBay Minerals (HBM) Suffers a Larger Drop Than the General Market: Key Insights
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HudBay Minerals (HBM - Free Report) closed at $23.53 in the latest trading session, marking a -2.87% move from the prior day. This change lagged the S&P 500's daily loss of 1.09%. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the mining company had lost 8.4% in the past month. In that same time, the Basic Materials sector lost 4.63%, while the S&P 500 gained 2.44%.
The upcoming earnings release of HudBay Minerals will be of great interest to investors. The company's earnings report is expected on November 12, 2026. The company is expected to report EPS of $0.35, up 1066.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $816.29 million, showing a 135.38% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.43 per share and revenue of $2.91 billion, indicating changes of +113.43% and +31.76%, respectively, compared to the previous year.
Investors should also note any 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Within the past 30 days, our consensus EPS projection has moved 2.58% higher. HudBay Minerals presently features a Zacks Rank of #3 (Hold).
Digging into valuation, HudBay Minerals currently has a Forward P/E ratio of 16.89. For comparison, its industry has an average Forward P/E of 16.89, which means HudBay Minerals is trading at no noticeable deviation to the group.
We can also see that HBM currently has a PEG ratio of 0.43. 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. The Mining - Miscellaneous industry currently had an average PEG ratio of 0.74 as of yesterday's close.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 160, positioning it in the bottom 35% 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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HudBay Minerals (HBM) Suffers a Larger Drop Than the General Market: Key Insights
HudBay Minerals (HBM - Free Report) closed at $23.53 in the latest trading session, marking a -2.87% move from the prior day. This change lagged the S&P 500's daily loss of 1.09%. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the mining company had lost 8.4% in the past month. In that same time, the Basic Materials sector lost 4.63%, while the S&P 500 gained 2.44%.
The upcoming earnings release of HudBay Minerals will be of great interest to investors. The company's earnings report is expected on November 12, 2026. The company is expected to report EPS of $0.35, up 1066.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $816.29 million, showing a 135.38% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.43 per share and revenue of $2.91 billion, indicating changes of +113.43% and +31.76%, respectively, compared to the previous year.
Investors should also note any 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Within the past 30 days, our consensus EPS projection has moved 2.58% higher. HudBay Minerals presently features a Zacks Rank of #3 (Hold).
Digging into valuation, HudBay Minerals currently has a Forward P/E ratio of 16.89. For comparison, its industry has an average Forward P/E of 16.89, which means HudBay Minerals is trading at no noticeable deviation to the group.
We can also see that HBM currently has a PEG ratio of 0.43. 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. The Mining - Miscellaneous industry currently had an average PEG ratio of 0.74 as of yesterday's close.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 160, positioning it in the bottom 35% 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.