Why Avino Silver (ASM) Dipped More Than Broader Market Today

Company Performance - Avino Silver (ASM) closed at $3.53, reflecting a -3.55% change from the previous day, underperforming the S&P 500's daily loss of 0.03% [1] - Prior to the latest trading session, shares had increased by 25.77%, significantly outperforming the Basic Materials sector's gain of 3.05% and the S&P 500's gain of 0.6% [1] Upcoming Earnings - Avino Silver is expected to report earnings of $0.02 per share, indicating a year-over-year decline of 33.33% [2] - The consensus estimate for revenue is projected at $17.5 million, which represents an 18.32% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $0.13 per share, reflecting a -13.33% change from the previous year, while revenue is projected at $75.15 million, indicating a +13.56% change [3] - Recent analyst estimate revisions suggest positive short-term business trends, which are generally viewed as favorable for the business outlook [3] Zacks Rank and Valuation - Avino Silver currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual return of +25% for 1 ranked stocks since 1988 [5] - The Forward P/E ratio for Avino Silver is 28.15, which is higher than the industry average Forward P/E of 26.7 [6] Industry Context - The Mining - Silver industry, part of the Basic Materials sector, has a Zacks Industry Rank of 23, placing it in the top 10% of over 250 industries [6] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]