SCC(US:SCCO) ZACKSยท2024-09-20 22:50Company 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]