Analysts Estimate McEwen (MUX) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - McEwen Mining (MUX) is anticipated to report a year-over-year decline in earnings due to lower revenues, with a consensus outlook indicating a quarterly loss of $0.13 per share and revenues of$35.6 million, reflecting a 39.3% decrease from the previous year [1][3]. Earnings Expectations - The consensus EPS estimate has been revised down by 71.43% over the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with positive readings being more reliable [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced positive surprises nearly 70% of the time [8]. Historical Performance - McEwen has only beaten consensus EPS estimates once in the last four quarters, with the most recent quarter showing a surprise of -200% [12][13]. Conclusion - McEwen does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [16].