Here's Why HudBay Minerals (HBM) Fell More Than Broader Market

Company Performance - HudBay Minerals (HBM) closed at $9.72, down 1.62% from the previous trading session, underperforming the S&P 500's loss of 0.03% [1] - The stock has increased by 17.62% over the past month, outperforming the Basic Materials sector's gain of 3.05% and the S&P 500's gain of 0.6% [1] Earnings Estimates - Upcoming earnings performance is highly anticipated, with consensus estimates projecting revenue of $551.91 million, a 29.7% increase year-over-year [2] - For the full year, earnings are expected to be $0.66 per share and revenue of $2.2 billion, reflecting changes of +37.5% and +8.86% respectively from the prior year [2] Analyst Revisions - Recent changes in analyst estimates for HudBay Minerals indicate evolving short-term business trends, with positive revisions suggesting analyst optimism about profitability [3] Valuation Metrics - HudBay Minerals is currently trading at a Forward P/E ratio of 14.95, which is below the industry average of 20.12 [6] - The company has a PEG ratio of 0.28, compared to the average PEG ratio of 0.76 for the Mining - Miscellaneous industry [6] Industry Context - The Mining - Miscellaneous industry is part of the Basic Materials sector, holding a Zacks Industry Rank of 153, placing it in the bottom 38% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]