In the latest close session, Ero Copper Corp. (ERO) was down 2.81% at $16.97. The stock's change was less than the S&P 500's daily gain of 0.83%. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq appreciated by 1.02%.
Prior to today's trading, shares of the company had gained 9.81% outpaced the Basic Materials sector's gain of 5.33% and the S&P 500's gain of 4.99%.
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 July 31, 2025. The company is forecasted to report an EPS of $0.51, showcasing a 183.33% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $195 million, reflecting a 66.52% rise from the equivalent quarter last year.
ERO's full-year Zacks Consensus Estimates are calling for earnings of $2.02 per share and revenue of $826.98 million. These results would represent year-over-year changes of +158.97% and +75.88%, respectively.
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 such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.45% higher. Ero Copper Corp. is currently a Zacks Rank #3 (Hold).
Investors should also note Ero Copper Corp.'s current valuation metrics, including its Forward P/E ratio of 8.65. This denotes a discount relative to the industry average Forward P/E of 23.59.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 75, positioning it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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