Southern Copper (SCCO) Dips More Than Bigger Markets: What You Need To Know
IDuring the last trading session, Southern Copper (SCCO) closed at $ 58.51, marking a movement of -1.07% from the previous day. This change is smaller than the 0.91% daily loss of the S&P 500.
As of today, the miner’s shares had lost 2.84% over the past month. At the same time, the basic materials sector lost 5.78%, while the S&P 500 gained 0.01%.
Wall Street will research SCCO’s positivity as the date of its next earnings report approaches. On that day, SCCO is expected to report earnings of $ 1.09 per share, which would represent 67.69% year-over-year growth. Meanwhile, our latest consensus estimate projects revenue of $ 2.7 billion, up 27.01% from the previous year’s quarter.
SCCO’s Zacks consensus estimates for the full year project earnings of $ 4.51 per share and revenue of $ 10.97 billion. These results would represent year-over-year variations of + 122.17% and + 37.36%, respectively.
Investors might also notice recent changes in analyst estimates for SCCO. These revisions help show the ever-changing nature of short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally audited track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus EPS estimate fell 3.56% over the past month. SCCO currently holds a Zacks rank of # 3 (Hold).
In terms of valuation, SCCO is currently trading at a forward P / E ratio of 13.11. This valuation marks a discount compared to the average Forward P / E for its sector of 13.56.
Also, we have to mention that SCCO has a PEG ratio of 0.78. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. Mining – Non-ferrous stocks have, on average, a PEG ratio of 0.78 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 197, which places it in the lowest 23% of all 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
5 actions in the process of doubling
Each has been handpicked by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations have climbed + 143.0%, + 175.9%, +498 , 3% and + 673.0%.
Most of the stock in this report is flying under Wall Street’s radar, which provides a great opportunity to get into the ground floor.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.