Southern Copper (SCCO) to Report Q4 Results: Wall Street Expects Earnings Growth

Core Viewpoint - Southern Copper (SCCO) is expected to report a year-over-year increase in earnings due to higher revenues, with the consensus outlook being crucial for assessing the company's earnings picture [1][3]. Earnings Expectations - The consensus EPS estimate for Southern Copper is $1.02 per share, reflecting a year-over-year increase of +79$2.78 billion, marking a 21.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for Southern Copper is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -13.30%, suggesting a bearish sentiment among analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from the consensus estimate, with positive readings being more reliable [7][8]. - Southern Copper's current Zacks Rank is 3, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Southern Copper exceeded the expected earnings of $1.12 per share by delivering$1.15, resulting in a surprise of +2.68% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While Southern Copper does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making investment decisions ahead of the earnings release [16].