We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Exploring Analyst Estimates for HudBay Minerals (HBM) Q3 Earnings, Beyond Revenue and EPS
Read MoreHide Full Article
Wall Street analysts expect HudBay Minerals (HBM - Free Report) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates a year-over-year increase of 1066.7%. Revenues are expected to be $815.74 million, up 135.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 5.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain HudBay Minerals metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue from contracts- Copper' should come in at $401.47 million. The estimate points to a change of +124.5% from the year-ago quarter.
Analysts predict that the 'Revenue from contracts- Silver' will reach $30.09 million. The estimate points to a change of +230.7% from the year-ago quarter.
The average prediction of analysts places 'Revenue from contracts- Gold' at $270.98 million. The estimate indicates a change of +115.9% from the prior-year quarter.
The consensus among analysts is that 'Revenue from contracts- Zinc' will reach $12.44 million. The estimate points to a change of +29.5% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue from external customers- Manitoba' should arrive at $289.93 million. The estimate indicates a change of +176.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenue from external customers- British Columbia' reaching $134.90 million. The estimate indicates a change of +74.1% from the prior-year quarter.
Analysts expect 'Revenue from external customers- Peru' to come in at $311.90 million. The estimate suggests a change of +89.5% year over year.
HudBay Minerals shares have witnessed a change of -20% in the past month, in contrast to the Zacks S&P 500 composite's -5.6% move. With a Zacks Rank #3 (Hold), HBM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Exploring Analyst Estimates for HudBay Minerals (HBM) Q3 Earnings, Beyond Revenue and EPS
Wall Street analysts expect HudBay Minerals (HBM - Free Report) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates a year-over-year increase of 1066.7%. Revenues are expected to be $815.74 million, up 135.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 5.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain HudBay Minerals metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue from contracts- Copper' should come in at $401.47 million. The estimate points to a change of +124.5% from the year-ago quarter.
Analysts predict that the 'Revenue from contracts- Silver' will reach $30.09 million. The estimate points to a change of +230.7% from the year-ago quarter.
The average prediction of analysts places 'Revenue from contracts- Gold' at $270.98 million. The estimate indicates a change of +115.9% from the prior-year quarter.
The consensus among analysts is that 'Revenue from contracts- Zinc' will reach $12.44 million. The estimate points to a change of +29.5% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue from external customers- Manitoba' should arrive at $289.93 million. The estimate indicates a change of +176.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenue from external customers- British Columbia' reaching $134.90 million. The estimate indicates a change of +74.1% from the prior-year quarter.
Analysts expect 'Revenue from external customers- Peru' to come in at $311.90 million. The estimate suggests a change of +89.5% year over year.
View all Key Company Metrics for HudBay Minerals here>>>HudBay Minerals shares have witnessed a change of -20% in the past month, in contrast to the Zacks S&P 500 composite's -5.6% move. With a Zacks Rank #3 (Hold), HBM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .