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Ero Copper Corp. (ERO) Is a Trending Stock: Facts to Know Before Betting on It
EROEro Copper(ERO) Zacks Investment Research·2024-05-15 14:02

Core Viewpoint - Ero Copper Corp. has gained attention as one of the most searched stocks, with a recent performance of +10.2% over the past month, outperforming the S&P 500 composite and the Zacks Mining - Non Ferrous industry [1] Earnings Estimates Revisions - The current quarter's earnings estimate for Ero Copper is projected at 0.27pershare,reflectinga+12.50.27 per share, reflecting a +12.5% change year-over-year, with a significant +53.9% increase in the consensus estimate over the last 30 days [4] - The consensus earnings estimate for the current fiscal year stands at 1.59, indicating an +82.8% year-over-year change, with a slight +1.7% adjustment in the last month [4] - For the next fiscal year, the earnings estimate is 3.04,representinga+913.04, representing a +91% increase from the previous year, with a +1.7% change over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is 113.6 million, showing an +8.3% year-over-year change [8] - For the current fiscal year, the sales estimate is 648.34million,indicatinga+51.7648.34 million, indicating a +51.7% change, while the next fiscal year's estimate is 963.84 million, reflecting a +48.7% change [8] Last Reported Results and Surprise History - In the last reported quarter, Ero Copper achieved revenues of 105.8million,a+4.8105.8 million, a +4.8% year-over-year increase, and an EPS of 0.16, down from 0.24ayearago[9]ThereportedrevenuesexceededtheZacksConsensusEstimateof0.24 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of 104.4 million by +1.34%, and the EPS surprise was +220% [9] - Over the last four quarters, Ero Copper surpassed consensus EPS estimates twice and revenue estimates twice [10] Valuation - Ero Copper is currently graded F on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14] Conclusion - The Zacks Rank 1 for Ero Copper suggests potential outperformance against the broader market in the near term, despite its premium valuation [15]