Southern Copper (SCCO) Q4 Earnings Miss Estimates

Core Insights - Southern Copper (SCCO) reported quarterly earnings of $1.01 per share, slightly missing the Zacks Consensus Estimate of $1.02 per share, but showing an increase from $0.57 per share a year ago, resulting in an earnings surprise of -0.98% [1] - The company posted revenues of $2.78 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.16% and increasing from $2.3 billion year-over-year [2] - Southern Copper has outperformed consensus EPS estimates three times over the last four quarters, indicating a generally positive trend in earnings performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $2.77 billion, while for the current fiscal year, the estimate is $4.63 on revenues of $11.61 billion [7] - The estimate revisions trend for Southern Copper is mixed, leading to a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Mining - Non Ferrous industry, to which Southern Copper belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Southern Copper's stock performance [5]