Southern Copper (SCCO) Beats Q1 Earnings and Revenue Estimates

Core Viewpoint - Southern Copper (SCCO) reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, and showing an increase from $0.94 per share a year ago, indicating a positive earnings surprise of 5.31% [1][2] Financial Performance - The company achieved revenues of $3.12 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.67%, and up from $2.6 billion in the same quarter last year [2] - Over the last four quarters, Southern Copper has exceeded consensus EPS estimates three times and topped revenue estimates three times as well [2] Stock Performance - Southern Copper shares have increased approximately 5.2% since the beginning of the year, contrasting with a decline of -6.8% in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.14, with expected revenues of $2.98 billion, and for the current fiscal year, the EPS estimate is $4.47 on revenues of $11.91 billion [7] Industry Outlook - The Mining - Non Ferrous industry, to which Southern Copper belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]