Nexa Resources S.A. (NEXA) Dips More Than Broader Markets: What You Should Know
Nexa Resources S.A. (NEXA) closed at $5.81 in the latest trading session, marking a -1.86% move from the prior day. This move lagged the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.28%, while the tech-heavy Nasdaq added 3.16%.
Coming into today, shares of the company had lost 10.71% in the past month. In that same time, the Basic Materials sector lost 4.43%, while the S&P 500 lost 5.39%.
Nexa Resources S.A. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Nexa Resources S.A. to post earnings of $0.21 per share. This would mark a year-over-year decline of 56.25%. Our most recent consensus estimate is calling for quarterly revenue of $679.57 million, down 5.89% from the year-ago period.
NEXA's full-year Zacks Consensus Estimates are calling for earnings of $1.21 per share and revenue of $2.67 billion. These results would represent year-over-year changes of +6.14% and -12.07%, respectively.
Any recent changes to analyst estimates for Nexa Resources S.A. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 9.73% lower. Nexa Resources S.A. is currently sporting a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Nexa Resources S.A. currently has a Forward P/E ratio of 4.91. For comparison, its industry has an average Forward P/E of 9.89, which means Nexa Resources S.A. is trading at a discount to the group.
Meanwhile, NEXA's PEG ratio is currently 2.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Miscellaneous was holding an average PEG ratio of 1.58 at yesterday's closing price.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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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Nexa Resources S.A. (NEXA) : Free Stock Analysis Report
