Avino Silver (ASM) ended the recent trading session at $4.66, demonstrating a -3.92% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 1.86%.
The stock of company has fallen by 5.09% in the past month, lagging the Basic Materials sector's loss of 1.98% and the S&P 500's gain of 2.45%.
Analysts and investors alike will be keeping a close eye on the performance of Avino Silver in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.03, marking a 25% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $19.6 million, up 34.06% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.13 per share and a revenue of $89.55 million, representing changes of -13.33% and +35.32%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Avino Silver. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.41% upward. Avino Silver presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Avino Silver is at present trading with a Forward P/E ratio of 37.31. For comparison, its industry has an average Forward P/E of 37.31, which means Avino Silver is trading at no noticeable deviation to the group.
The Mining - Silver industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 12, which puts it in the top 5% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Avino Silver (ASM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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