Wall Street analysts expect Pan American Silver (PAAS) to post quarterly earnings of $0.90 per share in its upcoming report, which indicates a year-over-year increase of 157.1%. Revenues are expected to be $1.11 billion, up 36.5% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Pan American Silver metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Ounces Produce - Gold (Silver and Gold Production)' of 198 thousands of ounces. Compared to the present estimate, the company reported 224 thousands of ounces in the same quarter last year.
The combined assessment of analysts suggests that 'Ounces Produce - Silver (Silver and Gold Production)' will likely reach 7516 thousands of ounces. The estimate is in contrast to the year-ago figure of 6018 thousands of ounces.
The consensus among analysts is that 'Ounce Production - La Colorada Operation - Silver' will reach 1592 thousands of ounces. The estimate is in contrast to the year-ago figure of 1606 thousands of ounces.
Analysts expect 'Ounce Production - Huaron Operation - Silver' to come in at 801 thousands of ounces. The estimate compares to the year-ago value of 919 thousands of ounces.
The average prediction of analysts places 'Ounce Production - San Vicente Operation - Silver' at 750 thousands of ounces. Compared to the present estimate, the company reported 735 thousands of ounces in the same quarter last year.
Based on the collective assessment of analysts, 'Ounce Production - Dolores Operation - Silver' should arrive at 109 thousands of ounces. Compared to the current estimate, the company reported 424 thousands of ounces in the same quarter of the previous year.
Analysts' assessment points toward 'Ounce Production - Dolores Operation - Gold' reaching 5 thousands of ounces. The estimate is in contrast to the year-ago figure of 18 thousands of ounces.
According to the collective judgment of analysts, 'Ounce Production - Shahuindo Operation - Gold' should come in at 33 thousands of ounces. The estimate is in contrast to the year-ago figure of 35 thousands of ounces.
The consensus estimate for 'Ounce Production - Timmins Operation - Gold' stands at 26 thousands of ounces. The estimate compares to the year-ago value of 28 thousands of ounces.
It is projected by analysts that the 'Average Realized Prices per ounce - Silver' will reach $54.54 . Compared to the current estimate, the company reported $30.87 in the same quarter of the previous year.
Analysts predict that the 'Average Realized Prices per ounce - Gold' will reach $4132.52 . Compared to the present estimate, the company reported $2666.00 in the same quarter last year.
Analysts forecast 'Cash Costs Per Ounce - Silver Segment' to reach $3.58 . Compared to the current estimate, the company reported $14.06 in the same quarter of the previous year.
View all Key Company Metrics for Pan American Silver here>>>
Shares of Pan American Silver have demonstrated returns of +6.7% over the past month compared to the Zacks S&P 500 composite's -0.3% change. With a Zacks Rank #3 (Hold), PAAS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Pan American Silver Corp. (PAAS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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