Nexa Resources S.A. (NEXA) Reports Q4 Loss, Tops Revenue Estimates

Core Viewpoint - Nexa Resources S.A. reported a quarterly loss of $1 per share, significantly worse than the Zacks Consensus Estimate of$0.35, marking an earnings surprise of -385.71% [1] - The company has consistently failed to surpass consensus EPS estimates over the last four quarters [2] Financial Performance - Nexa Resources posted revenues of $740.92 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 5.86$629.9 million in the same quarter last year [2] - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of$694.2 million, and for the current fiscal year, it is $1.04 on revenues of$2.85 billion [7] Stock Performance - Shares of Nexa Resources have declined approximately 39% since the beginning of the year, contrasting with a 4.5% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Mining - Miscellaneous industry, to which Nexa Resources belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Nexa Resources may be influenced by the overall outlook for the industry, as empirical research indicates a strong correlation between stock movements and earnings estimate revisions [5][8]