McEwen (MUX) got here out with a quarterly lack of $0.15 per share versus the Zacks Consensus Estimate of a lack of $0.13. This compares to earnings of $2.90 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -15.38%. 1 / 4 in the past, it was anticipated that this gold and silver mining firm would publish earnings of $0.04 per share when it really produced a lack of $0.04, delivering a shock of -200%.
During the last 4 quarters, the corporate has not been in a position to surpass consensus EPS estimates.
McEwen
The sustainability of the inventory’s quick value motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
McEwen shares have misplaced about 3.2% because the starting of the yr versus the S&P 500’s decline of -6.1%.
What’s Subsequent for McEwen?
Whereas McEwen has outperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for McEwen: unfavorable. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.12 on $46.9 million in revenues for the approaching quarter and -$0.28 on $253.5 million in revenues for the present fiscal yr.
Traders needs to be conscious of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Mining – Miscellaneous is presently within the backside 33% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Industrial Metals (CMC), one other inventory within the broader Zacks Fundamental Supplies sector, has but to report outcomes for the quarter ended February 2025. The outcomes are anticipated to be launched on March 20.
This producer and recycler of metal and steel merchandise is predicted to publish quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -65.9%. The consensus EPS estimate for the quarter has been revised 16.5% decrease during the last 30 days to the present stage.
Industrial Metals’ revenues are anticipated to be $1.77 billion, down 4.1% from the year-ago quarter.
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McEwen Mining Inc. (MUX) : Free Stock Analysis Report
Commercial Metals Company (CMC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
