In the latest trading session, Ero Copper Corp. (ERO) closed at $29.93, marking a -2.57% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.14%.
The company's stock has climbed by 4.07% in the past month, falling short of the Basic Materials sector's gain of 8.75% and outpacing the S&P 500's loss of 1.43%.
Market participants will be closely following the financial results of Ero Copper Corp. in its upcoming release. The company plans to announce its earnings on March 5, 2026. The company is expected to report EPS of $1.06, up 523.53% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $293.5 million, up 139.59% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.17 per share and revenue of $780.3 million, indicating changes of +178.21% and +65.95%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Ero Copper Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.19% higher within the past month. Ero Copper Corp. is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Ero Copper Corp. is presently trading at a Forward P/E ratio of 7.18. This represents a discount compared to its industry average Forward P/E of 26.12.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 75, placing it within the top 31% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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