Compared to Estimates, HudBay Minerals (HBM) Q4 Earnings: A Look at Key Metrics

By Zacks Equity Research | February 20, 2026, 9:30 AM

HudBay Minerals (HBM) reported $732.9 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 25.3%. EPS of $0.22 for the same period compares to $0.18 a year ago.

The reported revenue represents a surprise of -4.05% over the Zacks Consensus Estimate of $763.81 million. With the consensus EPS estimate being $0.40, the EPS surprise was -44.4%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how HudBay Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Payable metal in concentrate and dore sold - Molybdenum: 190.00 Ton compared to the 290.65 Ton average estimate based on 13 analysts.
  • Contained metal in concentrate and dore produced - Gold: 84,298.00 Oz compared to the 83,565.30 Oz average estimate based on 13 analysts.
  • Payable metal sold - Copper - British Columbia: 3,747.00 Ton versus 4,555.19 Ton estimated by 13 analysts on average.
  • Payable metal sold - Silver - British Columbia: 45,298.00 Oz compared to the 52,037.99 Oz average estimate based on 13 analysts.
  • Revenue from external customers- Peru: $447.3 million versus the 12-analyst average estimate of $451.74 million. The reported number represents a year-over-year change of +28.9%.
  • Revenue from external customers- British Columbia: $59.4 million versus $67.2 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
  • Revenue from external customers- Manitoba: $226.2 million versus $245.57 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +24.5% change.
  • Revenue from contracts: $707.7 million compared to the $766.32 million average estimate based on 13 analysts. The reported number represents a change of +19.8% year over year.
  • Revenue from contracts- Zinc: $12.5 million versus the 12-analyst average estimate of $41.17 million. The reported number represents a year-over-year change of -23.8%.
  • Revenue from contracts- Silver: $16.3 million versus $39.31 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
  • Revenue from contracts- Molybdenum: $9.9 million versus the 12-analyst average estimate of $14.78 million. The reported number represents a year-over-year change of +8.8%.
  • Revenue from contracts- Copper: $383.3 million versus $388.89 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.

View all Key Company Metrics for HudBay Minerals here>>>

Shares of HudBay Minerals have returned +2.6% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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