Ero Copper Corp. (ERO) closed the most recent trading day at $29.83, moving -3.87% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a loss of 0.8%, and the technology-centric Nasdaq decreased by 0.1%.
The company's shares have seen an increase of 23.28% over the last month, surpassing the Basic Materials sector's gain of 6.36% and the S&P 500's gain of 2.26%.
The investment community will be paying close attention to the earnings performance of Ero Copper Corp. in its upcoming release. The company's upcoming EPS is projected at $0.86, signifying a 405.88% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $324.3 million, indicating a 164.73% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2 per share and a revenue of $777.8 million, signifying shifts of +156.41% and 0%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Ero Copper Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Ero Copper Corp. currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Ero Copper Corp. currently has a Forward P/E ratio of 8.21. This denotes a discount relative to the industry average Forward P/E of 27.47.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 19, finds itself in the top 8% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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Ero Copper Corp. (ERO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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