Harmony(HMY) ZACKS·2024-08-21 22:45Company Performance - Harmony Gold closed at $11.16, reflecting a decrease of -0.53% from the previous trading session, underperforming the S&P 500's gain of 0.42% [1] - Over the past month, shares of Harmony Gold have increased by 23.43%, while the Basic Materials sector has declined by 0.84% and the S&P 500 has gained 1.77% [1] Earnings Forecast - The upcoming earnings report for Harmony Gold is scheduled for August 28, 2024, with Zacks Consensus Estimates predicting earnings of $1.20 per share and revenue of $3.7 billion, representing increases of +166.67% and +33.15% from the previous year, respectively [2] Analyst Sentiment - Recent revisions to analyst forecasts for Harmony Gold are being monitored, as positive changes in estimates indicate optimism regarding the company's business and profitability [3] Valuation Metrics - Harmony Gold has a Forward P/E ratio of 9.35, which is a discount compared to the industry average Forward P/E of 16.83 [6] - The Mining - Gold industry, part of the Basic Materials sector, currently holds a Zacks Industry Rank of 99, placing it in the top 40% of over 250 industries [6] Zacks Rank - Harmony Gold currently has a Zacks Rank of 5 (Strong Sell), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The Zacks Rank system has a strong track record, with stocks rated 1 delivering an average annual return of +25% since 1988 [5]