Avino Silver (ASM) closed at $10.38 in the latest trading session, marking a -2.54% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.51%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, lost 1.51%.
Shares of the company have appreciated by 65.89% over the course of the past month, outperforming the Basic Materials sector's gain of 16.13%, and the S&P 500's gain of 0.93%.
The investment community will be paying close attention to the earnings performance of Avino Silver in its upcoming release. On that day, Avino Silver is projected to report earnings of $0.06 per share, which would represent a year-over-year decline of 14.29%. In the meantime, our current consensus estimate forecasts the revenue to be $29.1 million, indicating a 19.36% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.17 per share and revenue of $90.3 million. These totals would mark changes of +13.33% and 0%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Avino Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 25.86% higher. Currently, Avino Silver is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, Avino Silver is currently exchanging hands at a Forward P/E ratio of 29.18. For comparison, its industry has an average Forward P/E of 17.44, which means Avino Silver is trading at a premium to the group.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Avino Silver (ASM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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