Nexa Resources S.A. (NEXA) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Nexa Resources S.A. (NEXA) closed at $6.18, marking a +1.98% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.42%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 5.16%.
Heading into today, shares of the company had gained 0.17% over the past month, outpacing the Basic Materials sector's loss of 1.62% and lagging the S&P 500's gain of 0.27% in that time.
Investors will be hoping for strength from Nexa Resources S.A. as it approaches its next earnings release. The company is expected to report EPS of $0.21, down 56.25% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $679.57 million, down 5.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.21 per share and revenue of $2.67 billion, which would represent changes of +6.14% and -12.07%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Nexa Resources S.A.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.73% lower. Nexa Resources S.A. is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Nexa Resources S.A. is currently trading at a Forward P/E ratio of 5.02. This valuation marks a discount compared to its industry's average Forward P/E of 10.19.
It is also worth noting that NEXA currently has a PEG ratio of 2.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NEXA's industry had an average PEG ratio of 2.06 as of yesterday's close.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Nexa Resources S.A. (NEXA) : Free Stock Analysis Report
