Seeking Clues to HudBay Minerals (HBM) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - HudBay Minerals (HBM) is expected to report a significant decline in quarterly earnings and revenues, with analysts predicting earnings of $0.08 per share, a 38.5% decrease year-over-year, and revenues of $440.07 million, down 9.4% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 36.6%, indicating a reassessment by analysts of their initial forecasts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Estimates - Analysts forecast 'Revenue from contracts- Zinc' at $12.31 million, reflecting a decline of 49.1% from the prior-year quarter [4]. - The estimated 'Revenue from contracts- Silver' is projected at $23.39 million, showing an increase of 84.1% year-over-year [5]. - 'Revenue from contracts- Molybdenum' is expected to be $13.20 million, indicating a decrease of 21.4% from the previous year [5]. - 'Revenue from contracts- Copper' is anticipated to reach $257.42 million, a slight decline of 1.5% year-over-year [6]. - 'Revenue from external customers- Peru' is projected at $225.63 million, reflecting a growth of 7.5% from the prior-year quarter [6]. - 'Revenue from external customers- British Columbia' is estimated at $92.66 million, indicating an increase of 28.9% year-over-year [7]. - 'Revenue from external customers- Manitoba' is expected to be $118.37 million, showing a decrease of 42% from the previous year [7]. Production Estimates - 'Contained metal in concentrate and dore produced - Gold - British Columbia' is estimated to be 5,920.1 ounces, down from 6,274.0 ounces year-over-year [8]. - 'Contained metal in concentrate and dore produced - Copper - Peru' is projected at 21,896 tons, compared to 21,220 tons from the previous year [8]. - 'Contained metal in concentrate and dore produced - Silver - British Columbia' is expected to reach 72,087.0 ounces, up from 55,963.0 ounces year-over-year [9]. - 'Contained metal in concentrate and dore produced - Copper - British Columbia' is estimated at 8,020 tons, compared to 6,736 tons from the previous year [9]. - 'Payable metal sold - Gold - British Columbia' is projected at 5,642.3 ounces, down from 6,199.0 ounces in the same quarter last year [10]. Stock Performance - HudBay Minerals shares have decreased by 7.9% over the past month, contrasting with the Zacks S&P 500 composite's decline of 0.2% [10].