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Can HudBay Minerals (HBM) Keep the Earnings Surprise Streak Alive?
Hudbay MineralsHudbay Minerals(US:HBM) ZACKSยท2024-07-30 17:10

Core Insights - HudBay Minerals is positioned to continue its earnings-beat streak, having surpassed earnings estimates by an average of 257.58% in the last two quarters [1][2] Earnings Performance - For the last reported quarter, HudBay Minerals achieved earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, resulting in a surprise of 433.33% [2] - In the previous quarter, the company was expected to report earnings of $0.11 per share but delivered $0.20 per share, leading to a surprise of 81.82% [2] Earnings Estimates - Recent estimates for HudBay Minerals have been trending upward, with a positive Earnings ESP of +1.12%, indicating bullish sentiment among analysts regarding the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have historically produced positive surprises nearly 70% of the time, indicating a strong predictive power for earnings performance [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions prior to earnings releases [5]