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Wall Street analysts expect HudBay Minerals (HBM) to post quarterly earnings of $0.18 per share in its upcoming report, which indicates a year-over-year decline of 10%. Revenues are expected to be $576.2 million, down 4.3% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some HudBay Minerals metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenue from contracts- Copper' will reach $365.97 million. The estimate indicates a year-over-year change of +1.2%.
Analysts' assessment points toward 'Revenue from contracts- Zinc' reaching $18.78 million. The estimate points to a change of +0.4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenue from contracts- Gold' will likely reach $179.98 million. The estimate indicates a year-over-year change of -2.1%.
Analysts expect 'Revenue from contracts- Silver' to come in at $21.21 million. The estimate suggests a change of +79.8% year over year.
Analysts predict that the 'Contained metal in concentrate and dore produced - Zinc' will reach 7,604.43 Ton. Compared to the present estimate, the company reported 5,747 Ton in the same quarter last year.
Analysts forecast 'Contained metal in concentrate and dore produced - Copper' to reach 43,152.43 Ton. Compared to the current estimate, the company reported 45,450 Ton in the same quarter of the previous year.
According to the collective judgment of analysts, 'Contained metal in concentrate and dore produced - Silver' should come in at 1,037,537.00 Oz. The estimate is in contrast to the year-ago figure of 1,197,082 Oz.