In the latest trading session, Southern Copper (SCCO) closed at $62.59, marking a -0.71% move from the previous day. This move lagged the S&P 500's daily loss of 0.14%.
Heading into today, shares of the miner had lost 2.45% over the past month, outpacing the Basic Materials sector's loss of 2.8% and lagging the S&P 500's gain of 3.13% in that time.
Investors will be hoping for strength from SCCO as it approaches its next earnings release. The company is expected to report EPS of $1.15, up 76.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.88 billion, up 35.25% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.65 per share and revenue of $11.11 billion. These totals would mark changes of +129.06% and +39.09%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SCCO. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.57% lower within the past month. SCCO is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, SCCO is holding a Forward P/E ratio of 13.56. This valuation marks a premium compared to its industry's average Forward P/E of 12.69.
We can also see that SCCO currently has a PEG ratio of 0.81. 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 – Non Ferrous industry currently had an average PEG ratio of 0.81 as of yesterday's close.
The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
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