SCC(US:SCCO) ZACKSยท2024-09-27 22:56Company 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]