In the latest trading session, Southern Copper (SCCO) closed at $60.19, marking a +0.3% move from the previous day. This change outpaced the S&P 500's 0.46% loss on the day.
Prior to today's trading, shares of the miner had lost 9.81% over the past month. This has lagged the Basic Materials sector's loss of 3.35% and the S&P 500's gain of 1.93% in that time.
Investors will be hoping for strength from SCCO as it approaches its next earnings release. In that report, analysts expect SCCO to post earnings of $1.09 per share. This would mark year-over-year growth of 67.69%. Meanwhile, our latest consensus estimate is calling for revenue of $2.7 billion, up 27.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.51 per share and revenue of $10.97 billion, which would represent changes of +122.17% and +37.36%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SCCO. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.56% lower. SCCO currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SCCO has a Forward P/E ratio of 13.31 right now. This represents a discount compared to its industry's average Forward P/E of 13.41.
Investors should also note that SCCO has a PEG ratio of 0.79 right now. 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. The Mining – Non Ferrous industry currently had an average PEG ratio of 0.79 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 176, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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