HudBay Minerals (HBM) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - HudBay Minerals (HBM) closed at $9.58, reflecting a -0.42% change from the previous session, underperforming the S&P 500's daily gain of 0.27% [1] - Over the past month, shares of HudBay Minerals gained 3.66%, outperforming the Basic Materials sector's loss of 3.73% and the S&P 500's gain of 2% [1] Upcoming Earnings - The earnings report for HudBay Minerals is scheduled for November 13, 2024, with an expected EPS of $0.05, representing a 28.57% decrease from the same quarter last year [2] - Revenue is forecasted to be $470.43 million, indicating a 2.09% decline compared to the previous year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.48 per share and revenue of $2.04 billion, reflecting increases of +108.7% and +20.73% respectively from the prior year [3] - Recent changes in analyst estimates suggest a positive outlook for HudBay Minerals' business and profitability [3] Valuation Metrics - HudBay Minerals is currently trading at a Forward P/E ratio of 20.15, which is higher than the industry average Forward P/E of 16.72 [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 177, placing it in the bottom 30% of over 250 industries [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that HudBay Minerals currently holds a Zacks Rank of 3 (Hold) [5] - The Zacks Consensus EPS estimate has decreased by 8.9% in the past month, reflecting a cautious sentiment among analysts [5]