It has been a couple of month for the reason that final earnings report for Southern Copper (SCCO). Shares have misplaced about 5.6% in that timeframe, outperforming the S&P 500.
Will the latest unfavorable development proceed main as much as its subsequent earnings launch, or is Southern Copper due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast take a look at its most up-to-date earnings report so as to get a greater deal with on the essential catalysts.
How Have Estimates Been Transferring Since Then?
Analysts had been quiet over the past two month interval as none of them issued any earnings estimate revisions.
VGM Scores
At present, Southern Copper has a pleasant Progress Rating of B, a grade with the identical rating on the momentum entrance. Nevertheless, the inventory was allotted a grade of D on the worth aspect, placing it within the backside 40% for this funding technique.
Total, the inventory has an mixture VGM Rating of B. For those who aren’t centered on one technique, this rating is the one you have to be considering.
Outlook
Southern Copper has a Zacks Rank #2 (Purchase). We count on an above common return from the inventory within the subsequent few months.
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Southern Copper Corporation (SCCO) : 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.
