Ero Copper Corp. (ERO) stock fell more than the market, but analysts predict positive earnings growth.

From Nasdaq: 2024-07-19 18:15:19

In the latest trading session, Ero Copper Corp. (ERO) closed at $19.61, a -0.86% drop from the previous day. This underperformed the S&P 500’s 0.71% loss, with the Dow down 0.93% and the Nasdaq down 0.81%. The company faced a 5.94% loss in the past month, lagging behind the Basic Materials sector and S&P 500.

Investors are eager for Ero Copper Corp.’s upcoming earnings release on August 1, 2024. Analysts predict an EPS of $0.27, reflecting a 12.5% increase from the same quarter last year. For the fiscal year, Zacks Consensus Estimates forecast earnings of $1.83 per share and revenue of $674.6 million, up +110.34% and +57.8% respectively.

Analyst estimate revisions for Ero Copper Corp. impact investor sentiment and stock momentum. The Zacks Rank system incorporates these changes, indicating a #1 (Strong Buy) ranking for ERO. The company’s Forward P/E ratio of 10.84 suggests undervaluation compared to its industry average. The Mining – Non Ferrous industry is in a strong position with a Zacks Industry Rank of 24.

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Read more at Nasdaq: Ero Copper Corp. (ERO) Registers a Bigger Fall Than the Market: Important Facts to Note