Is Trending Stock Southern Copper Corporation (SCCO) a Buy Now?

Core Viewpoint - Southern Copper (SCCO) is currently a highly monitored stock, with various factors influencing its near-term performance [1] Earnings Performance - For the current quarter, Southern Copper is expected to report earnings of $1.06 per share, reflecting a year-over-year increase of +51.4%. The Zacks Consensus Estimate has risen by +14.6% in the last 30 days [3] - The consensus earnings estimate for the next fiscal year is $4.87, indicating a +15.3% change from the previous year, with a +3.2% increase in estimates over the past month [4] - For the current fiscal year, the consensus earnings estimate stands at $4.22, showing a +35.7% change from the prior year, with a +6.4% adjustment in the last 30 days [11] Revenue Growth - The consensus sales estimate for the current quarter is $2.8 billion, representing a year-over-year increase of +21.6%. For the current and next fiscal years, revenue estimates are $11.29 billion and $12.1 billion, indicating changes of +14.1% and +7.1%, respectively [14] - Southern Copper reported revenues of $2.6 billion in the last quarter, which is a year-over-year decline of -7% [20] - The reported revenues exceeded the Zacks Consensus Estimate of $2.5 billion by +3.89% [15] Valuation Metrics - Southern Copper is graded F in terms of valuation, indicating it is trading at a premium compared to its peers [17] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are used to assess whether the stock is fairly valued, overvalued, or undervalued [16] Market Performance - Over the past month, shares of Southern Copper have returned -1%, while the Zacks S&P 500 composite has increased by +4.6%. The Zacks Mining - Non Ferrous industry, which includes Southern Copper, has also seen a -1% change [10] - Southern Copper has surpassed consensus EPS estimates in two of the last four quarters and has topped revenue estimates twice during the same period [7] Analyst Ratings - Southern Copper is rated Zacks Rank 1 (Strong Buy), indicating a potential for outperformance in the near term based on recent changes in earnings estimates and other related factors [12][18]