Group 1: Company Performance - Southern Copper (SCCO) closed at $113.14, marking a +1.46% move from the prior day, outperforming the S&P 500 which gained 0.47% [1] - The stock gained 12.43% over the previous month, surpassing the Basic Materials sector's gain of 6.97% and the S&P 500's gain of 3.48% [1] Group 2: Earnings Projections - The upcoming EPS for Southern Copper is projected at $1.12, indicating a 41.77% increase compared to the same quarter of the previous year [2] - Revenue is estimated at $2.91 billion, up 16.31% from the prior-year quarter [2] - For the annual period, earnings are anticipated at $4.45 per share and revenue at $11.65 billion, reflecting shifts of +43.09% and +17.68% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Southern Copper reflect evolving short-term business trends, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Southern Copper at 3 (Hold) [6] Group 4: Valuation Metrics - Southern Copper has a Forward P/E ratio of 25.07, which is a premium compared to the industry average of 20.03 [7] - The company's PEG ratio is currently 1.2, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.83 [7] Group 5: Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 64, placing it in the top 26% of all industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Southern Copper (SCCO) . This company, which is in the Zacks Mining - Non Ferrous industry, shows potential for another earnings beat. This miner has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 15.02%. For the most rec ...

Company Performance - Southern Copper (SCCO) ended the recent trading session at $118.87, showing a -1.3% change from the previous day's closing price, which lagged behind the S&P 500's 0.13% loss [1] - The stock has increased by 18.73% over the past month, outperforming the Basic Materials sector's gain of 5.81% and the S&P 500's gain of 2.43% [1] Earnings Expectations - The upcoming earnings release is anticipated to report an EPS of $1.04, representing a 31.65% increase compared to the same quarter last year [2] - Revenue is projected to be $2.77 billion, reflecting a 10.58% rise from the equivalent quarter last year [2] Annual Projections - For the annual period, earnings are expected to be $4.29 per share, with revenue projected at $11.55 billion, indicating increases of +37.94% and +16.71% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Southern Copper are important as they indicate changing business trends, with upward revisions suggesting analysts' positivity towards the company's operations [4] Valuation Metrics - Southern Copper has a Forward P/E ratio of 28.06, which is higher than the industry average of 17.91, indicating that the company is trading at a premium [7] - The company has a PEG ratio of 1.24, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.88 [8] Industry Ranking - The Mining - Non Ferrous industry is part of the Basic Materials sector, which has a Zacks Industry Rank of 100, placing it in the top 40% of over 250 industries [8] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [9]

Company Performance - Southern Copper (SCCO) closed at $103.60, reflecting a -1.23% change from the previous session, underperforming the S&P 500 which lost 0.19% [1] - Over the last month, Southern Copper's shares increased by 3.14%, outperforming the Basic Materials sector's gain of 2.2% and the S&P 500's gain of 2.06% [1] Upcoming Earnings - Southern Copper is projected to report earnings of $1.04 per share, indicating a year-over-year growth of 31.65% [2] - The consensus estimate for revenue is $2.81 billion, which represents a 12.13% increase from the prior-year quarter [2] Annual Estimates - For the annual period, earnings are anticipated to be $4.29 per share, with revenue expected to reach $11.59 billion, reflecting increases of +37.94% and +17.09% respectively from the last year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Southern Copper are important as they reflect short-term business trends [4] - Upbeat changes in estimates indicate a favorable outlook on the company's business health and profitability [4] Zacks Rank and Performance - The Zacks Rank system, which assesses estimate changes, currently ranks Southern Copper at 4 (Sell), with a consensus EPS projection that has moved 0.23% lower in the past 30 days [6] - The Zacks Rank has a track record of superior performance, with 1 stocks averaging an annual return of +25% since 1988 [6] Valuation Metrics - Southern Copper has a Forward P/E ratio of 24.44, which is a premium compared to the industry average of 13.55 [7] - The company also has a PEG ratio of 1.08, while the Mining - Non Ferrous industry has an average PEG ratio of 0.79 [7] Industry Context - The Mining - Non Ferrous industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 141, placing it in the bottom 45% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

The latest trading session saw Southern Copper (SCCO) ending at $98.69, denoting a +0.7% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Shares of the miner witnessed a loss of 7.36% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.05% and the S&P 500's gain of 4.86%. Market participants will be closely following the financi ...

Southern Copper (SCCO) closed the latest trading day at $98, indicating a +1.61% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.75% for the day. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%. Shares of the miner witnessed a loss of 4.95% over the previous month, trailing the performance of the Basic Materials sector with its gain of 0.53% and the S&P 500's gain of 4.03%. Investors will be eagerly ...

The most recent trading session ended with Southern Copper (SCCO) standing at $96.35, reflecting a +0.18% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%. The the stock of miner has fallen by 3.04% in the past month, lagging the Basic Materials sector's gain of 0.19% and the S&P 500's gain of 3.64%. The upcoming earnings release of Southern Copper w ...

Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this miner have returned -2.5%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Mining - Non Ferrous industry, which Southern Copper falls in, has lost 4.2%. The key question now is: What could be the stock's future direction? ...

Investors in Southern Copper Corporation (SCCO) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

Southern Copper (SCCO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this miner have returned -16.6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has lost 19.8% over this period. Now the key question is: Where could the stock be headed in the near term? While media r ...